40 Esplanade Lane 309, Grimsby

$389,900
40 Esplanade Lane 309

$389,900

New
17d
Condo Apartment1 Storey/Apt

40 Esplanade Lane 309, Grimsby

Total Monthly Obligation $2,381

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
17d
Score
23
Yield
6.8%
Cash on Cash
-0.1%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Condo Apartment
MLS® Number-X13866244
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$253.24 (2026)
Maintenance-$587.03/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

Sold "As Is, Where Is" basis. Seller makes no representations and/or warranties.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,381/mo
Mortgage $1,573
Monthly Loss $1,967
Principal$414
Interest$1,159
Property Tax$21
Condo Fees$587
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.6%2
5-Year IRR
11.4%45
10-Year IRR
11.8%
Returns Index
23.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$26,496/yr
NOI
$14,149/yr
Net Cash Flow
-$394/mo
Cash Margin
-17.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
33.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 40 Esplanade Lane 309

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.