15 Adelaide Street, Grimsby

$619,900
15 Adelaide Street

$619,900

New
15d
Duplex2-Storey

15 Adelaide Street, Grimsby

Total Monthly Obligation $3,260

Beds
4
Baths
2
Park
3
Sqft
2000-2500
DOM
15d
Yield
5.2%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Duplex
MLS® Number-X13877112
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-27.8 × 166.28 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Duplex
Age-100+
Taxes-$4,610.96 (2026)
Parking-5 - Detached
Basement-Unfinished, Partial Basement
Heating-Baseboard (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession--
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

Welcome home to 15 Adelaide Street Grimsby. This property is a unique opportunity in the heart of downtown Grimsby. Discover the possibilities of this charming two-storey home / legal nonconforming duplex in the vibrant core of downtown Grimsby. Whether you're a first-time homebuyer, a young couple looking to offset mortgage costs, or an investor seeking a solid income property, this well-maintained home has flexibility, character and excellent potential. This home features two separate self contained units or open it up as a two storey home. Live in one unit and rent the other and make homeownership work for you . Lower level is spacious and inviting, featuring three bedrooms, a welcoming living room, and an eat-in kitchen and 4-piece bath. The upper unit has a comfortable and functional layout with one bedroom, a bright living room, eat in kitchen and a 4 piece bath. As a bonus this property boasts a detached heated shop for all the mechanical toys. Don't miss out on this fantastic opportunity to own a versatile property in one of Grimsby's most eclectic downtown communities steps away from shops ,restaurants, parks, community amendments and enjoy the easy access to QEW. Some pictures are virtually staged.

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Closing Costs

Mortgage Amount
$495,920
Land Transfer Taxes$8,873
Legal Fees (Est.)
$
Total cash required for closing$134,353

Total Monthly Obligation

$3,260/mo
Mortgage $2,501
Monthly Loss $2,602
Principal$658
Interest$1,843
Property Tax$384
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 15 Adelaide Street

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