28 Lake Street, Grimsby

$939,900
28 Lake Street

$939,900

New
10d
Detached2-Storey

28 Lake Street, Grimsby

Total Monthly Obligation $4,687

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
10d
Score
18
Yield
4.6%
Cash on Cash
-4.6%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X14030834
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-39.47 × 173.15 ft
Listed on site-Oct 13, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,252.83 (2026)
Parking-6 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-REVEL REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Freestanding, Living Room
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Fibreglass Shingle
Foundation-Concrete, Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-540 - Grimsby Beach
Title-Residential Freehold

No agent assigned

Welcome to 28 Lake Street, where generous living space, thoughtful updates and the Niagara lifestyle come together in one of Grimsby's most desirable communities. Offering over 3,000 sq. ft. of finished living space, this 4-bedroom, 2.5-bathroom detached home provides the flexibility today's families need for everyday living, entertaining and working from home. The extensively renovated main floor is anchored by a beautifully updated kitchen featuring a large centre island, 36" induction cooktop, built-in wall oven, combination microwave/convection oven, 36" counter depth refrigerator, Bosch dishwasher, beverage fridge, Kraus sink, custom pantry storage, under-cabinet lighting and integrated recycling and central-vac features. Engineered hardwood flooring, pot lighting and an expanded laundry area continue the thoughtful 2024 updates throughout the main level. Upstairs, four spacious bedrooms include a primary retreat with walk-in closet and 5-piece ensuite. The primary shower was updated with glass and tile, while an additional 4-piece bathroom serves the remaining bedrooms. The finished lower level expands the home even further with a large open-concept recreation space, pot lighting, engineered hardwood flooring, storage and a bathroom rough-in-plus a unique children's climbing cave that adds a little extra fun. Outside, enjoy a fully fenced yard, deck, play structure and shed, while the attached double garage and private double-wide driveway provide parking for up to six vehicles. Located in the Grimsby Beach area, this home places you close to the water, beaches, trails, parks, schools, shopping, downtown amenities and recreation, with convenient highway access keeping Hamilton, Niagara and the GTA within easy reach. This is more than a home with space-it's a place designed to give you more ways to live, work, gather and enjoy everything Grimsby and Niagara have to offer.

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

Closing Costs

Mortgage Amount
$751,920
Land Transfer Taxes$15,273
Legal Fees (Est.)
$
Total cash required for closing$204,753

Total Monthly Obligation

$4,687/mo
Mortgage $3,791
Monthly Loss $3,690
Principal$998
Interest$2,794
Property Tax$521
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.8/ 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
$42,828/yr
NOI
$27,792/yr
Net Cash Flow
-$1,475/mo
Cash Margin
-41.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
19.1/ 100

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

Comparables

Properties near 28 Lake Street

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.