54 Vinifera Drive, Grimsby

$849,900
54 Vinifera Drive

$849,900

New
14d
Detached2-Storey

54 Vinifera Drive, Grimsby

Total Monthly Obligation $4,324

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
14d
Score
18
Yield
4.9%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13884012
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-37.73 × 101.71 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,250 (2026)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-North
Exterior-Vinyl Siding, Brick
Roof-Asphalt Rolled
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-542 - Grimsby East
Title-Residential Freehold

No agent assigned

No rear neighbours, just parkland and Niagara Escarpment views. At 54 Vinifera Drive, the escarpment puts on a show every season, from Fall colours to fresh winter snow, with a level of privacy that's hard to find in Grimsby. Lovingly owned and maintained by its original owners, this beautifully updated detached home offers 1,904 sq ft above grade with three bedrooms and 2.5 bathrooms. It also has a fully finished basement with a fourth bedroom and a full bathroom, perfect for guests, teens or extended family.The main floor centres on an updated kitchen with quartz countertops and a brand new stove, flowing into a cozy family room with hardwood floors. Durable tile runs through the rest of the level, and a two-piece powder room is close at hand for guests. Upstairs, you'll find three bright bedrooms with new LVP flooring, two full bathrooms (including a main bath with a generous 60" vanity) and upper-level laundry right where you need it. Fresh neutral paint throughout and a double car garage complete this move-in-ready family home. Set on the Grimsby-Beamsville border, you're minutes from local schools, parks and shopping, plus the wineries of Niagara's wine country, Bruce Trail hiking, farm markets and easy QEW access for commuters.

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

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,324/mo
Mortgage $3,428
Monthly Loss $3,422
Principal$902
Interest$2,526
Property Tax$521
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%32
10-Year IRR
10.2%
Returns Index
17.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,050/yr
Net Cash Flow
-$1,174/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
20.6/ 100

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

Comparables

Properties near 54 Vinifera Drive

Time

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