90 Lakeside Drive, Grimsby

$1,599,900
90 Lakeside Drive

$1,599,900

New
15d
DetachedSidesplit

90 Lakeside Drive, Grimsby

Total Monthly Obligation $7,640

Beds
4
Baths
5
Park
4
Sqft
1100-1500
DOM
15d
Score
14
Yield
2.6%
Cash on Cash
-12.7%
Cap Rate
1.8%
5Y IRR
5.6%
10Y IRR
6.9%
Property Type-Detached
MLS® Number-X13876236
Beds-4
Bathrooms-5
Size-1100-1500 sqft
Lot Size-60.13 × 206.17 ft
Listed on site-Oct 8, 2026
Style-Sidesplit
Building Type-Detached
Age-51-99
Taxes-$9,738.92 (2026)
Parking-5 - Attached
Basement-Full, Finished, Separate Entrance, Walk-Up
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-60-89 days
Neighbourhood-540 - Grimsby Beach
Title-Residential Freehold

No agent assigned

Welcome to an extraordinary lakefront residence in Grimsby, perfectly positioned beside a park and along the shores of Lake Ontario at the gateway to Niagara. Set on an impressive 60-foot-wide lot that opens to approximately 71 feet of direct waters edge frontage, this exceptional property combines a beautiful lakeside setting with sophisticated design and extensive modern upgrades. Completely transformed with exceptional attention to detail, this stunning home pairs breathtaking waterfront vistas with virtually all-new major components. Enjoy captivating lake views from the open-concept great room, luxurious primary suite, private home office and expansive rear patio. The impressive interior features 4 bedrooms, each with its own ensuite, beautiful white oak flooring and stairs, and an abundance of windows that bring the waterfront setting indoors. At the heart of the home is a spectacular designer kitchen showcasing two-tone shaker cabinetry, a 10' island, quartz counters and backsplash, custom range hood, crown moulding, premium stainless-steel appliances and thoughtful details including a robotic vacuum cubby, garburator and reverse-osmosis water system. The great room is anchored by a gas fireplace with custom built-ins, while a cleverly concealed main-floor office provides a private workspace overlooking the lake. Extensive improvements include new electrical, plumbing, HVAC with ceiling air supplies, roof, windows, exterior doors, and garage door. Additional features include a smart water valve, digital primary shower controls, Alexa-enabled smart-home technology, EV charger rough-in, BBQ gas connection and new backwater valve. A charming covered front porch with swing adds to the home's appeal, while the lakefront patio creates an unforgettable setting for entertaining or simply enjoying the view. A remarkable turnkey transformation where luxury, technology and waterfront living come together in one exceptional Grimsby home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,279,920
Land Transfer Taxes$28,473
Legal Fees (Est.)
$
Total cash required for closing$349,953

Total Monthly Obligation

$7,640/mo
Mortgage $6,454
Monthly Loss $5,942
Principal$1,698
Interest$4,755
Property Tax$812
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.5%9
Cash-on-Cash
-15.7%0
5-Year IRR
3.3%7
10-Year IRR
5.5%
Returns Index
4.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$42,000/yr
NOI
$23,561/yr
Net Cash Flow
-$4,490/mo
Cash Margin
-128.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.302
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
13.5/ 100

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

Comparables

Properties near 90 Lakeside 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.