7 Lampman Drive, Grimsby

$899,990
7 Lampman Drive

$899,990

New
15d
Detached2-Storey

7 Lampman Drive, Grimsby

Total Monthly Obligation $4,512

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
15d
Score
16
Yield
4.1%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X13875616
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-40.85 × 108.31 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,082 (2025)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

Welcome to 7 Lampman Drive, where an updated home, premium lot, and exceptional backyard setting come together in one of Grimsby's most desirable communities. From the moment you step into the spacious foyer, the home immediately opens into a bright, inviting main floor designed for both everyday living and effortless entertaining. The kitchen and living room flow seamlessly together, creating a comfortable and stylish space that feels open without sacrificing functionality. New flooring throughout the main floor, completed approximately 3 years ago, adds a fresh and modern feel, while the custom fireplace, completed in 2023, creates a striking focal point and adds warmth and character to the living space. Upstairs, generous bedrooms provide plenty of flexibility, with the primary bedroom featuring large windows that fill the space with natural light throughout the day. Convenient second floor laundry adds practicality where you need it most. Outside, set on a premium lot backing onto a winery, the large fenced backyard offers a rare combination of privacy, space, and lifestyle. Whether you are hosting summer gatherings, enjoying a quiet morning coffee, or envisioning your own backyard oasis, there is plenty of room to make it your own, including potential for a pool. With no immediate backyard neighbour, the setting creates a private and peaceful backdrop that is hard to find. The unfinished basement offers even more opportunity, providing a blank canvas to create a home gym, recreation space, office, or additional living area. Situated in a fantastic Grimsby location close to schools, parks, shopping, restaurants, wineries, and everyday amenities, 7 Lampman Drive delivers more than just a beautifully updated home. It offers the space, setting, and flexibility to make it truly yours.

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

Closing Costs

Mortgage Amount
$719,992
Land Transfer Taxes$14,475
Legal Fees (Est.)
$
Total cash required for closing$195,973

Total Monthly Obligation

$4,512/mo
Mortgage $3,630
Monthly Loss $3,557
Principal$955
Interest$2,675
Property Tax$507
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,972/yr
NOI
$22,693/yr
Net Cash Flow
-$1,739/mo
Cash Margin
-56.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
19.0/ 100

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

Comparables

Properties near 7 Lampman Drive

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.

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Data last updated within the past 24 hours.