13 Turbinia Court, Grimsby

$775,000
13 Turbinia Court

$775,000

New
15d
Condo TownhouseBungalow

13 Turbinia Court, Grimsby

Total Monthly Obligation $3,974

Bed+Den
3+1
Baths
3
Park
1
Sqft
1200-1399
DOM
15d
Score
15
Yield
3.0%
Cash on Cash
-13.0%
Cap Rate
1.8%
5Y IRR
5.5%
10Y IRR
6.8%
Property Type-Condo Townhouse
MLS® Number-X13878786
Bed+Den-3+1
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-6-10
Taxes-$5,131 (2026)
Maintenance-$220/mo
Locker-None
Parking-2 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HENDRIKS TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-542 - Grimsby East
Title-Residential Condo & Other

No agent assigned

Enjoy the ease of bungalow living, the bonus of an end unit and more space than you might expect - 13 Turbinia Crescent brings it all together! Tucked into an attractive enclave of newer townhomes, this 2019-built bungalow offers approximately 1,220 square feet on the main floor plus a finished lower level. A paved drive and single attached garage complement the covered front porch, where you can sit outside and also step inside to 9 foot ceilings and engineered hardwood that create a bright, comfortable feel. Just off the tiled foyer is direct garage access, a front bedroom that's perfectly suited as a home office, main-floor laundry and a convenient 2 piece bath. The heart of the home opens up beautifully with a spacious kitchen, dining and living area. The kitchen features light-toned cabinetry extending to the ceiling, quartz counters, an island with breakfast bar, pantry with slide-outs, tile backsplash, under-cabinet lighting and stainless appliances including an induction range with gas hookup available. Relax by the gas fireplace or step through the sliding patio doors onto the raised deck overlooking the east-facing backyard - a wonderful spot for sunny mornings. Being an end unit means extra windows, and the spacious primary bedroom makes the most of them, complete with a walk-in closet and private ensuite featuring a double vanity and glass-and-tile shower. Downstairs adds even more flexibility with a finished rec room, generous sized guest bedroom with adjacent 4 piece bath. With an impressive amount of storage space, 200-amp service and fresh air exchanger, there's plenty to appreciate behind the scenes too. For only $220 per month, your grass cutting, snow removal and the water for the automatic lawn sprinkler system are all taken care of for you. If you're ready to simplify without sacrificing space, this pretty bungalow may be just the perfect place to make life a little easier and more relaxing for you!

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Closing Costs

Mortgage Amount
$620,000
Land Transfer Taxes$11,975
Legal Fees (Est.)
$
Total cash required for closing$168,475

Total Monthly Obligation

$3,974/mo
Mortgage $3,126
Monthly Loss $3,151
Principal$823
Interest$2,303
Property Tax$428
Condo Fees$220
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.2%0
5-Year IRR
3.0%6
10-Year IRR
5.3%
Returns Index
4.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$22,968/yr
NOI
$10,500/yr
Net Cash Flow
-$2,251/mo
Cash Margin
-117.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
19.9/ 100

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

Comparables

Properties near 13 Turbinia Court

Time

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Data last updated within the past 24 hours.