24 Inglewood Court, Grimsby

$779,000
24 Inglewood Court

$779,000

New
9d
DetachedBungalow

24 Inglewood Court, Grimsby

Total Monthly Obligation $3,898

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
9d
Score
16
Yield
3.8%
Cash on Cash
-7.6%
Cap Rate
2.9%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X14032426
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-58.26 × 110 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$4,568 (2025)
Parking-4 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Rec Room
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-540 - Grimsby Beach
Title-Residential Freehold

No agent assigned

LOCATION, PRIVACY & AN ENTERTAINER'S DREAM BACKYARD! Nestled on a peaceful court in the highly desirable Grimsby Beach neighbourhood, this charming, updated bungalow sits on an expansive pie-shaped lot backing onto the beautiful Grand Avenue Forest. Surrounded by mature trees and just minutes from the shores of Lake Ontario, this property offers a wonderful combination of tranquility and convenience!Step inside to discover an updated kitchen featuring stylish cabinetry, modern countertops and a walkout to the spectacular backyard, along with updated bathrooms and comfortable main-floor living. The real showstopper is the incredible outdoor space! An expansive multi-level deck, covered gazebo, multiple seating areas and lush natural surroundings create the ultimate setting for summer barbecues, entertaining friends and family, or simply unwinding in your own private retreat. The finished lower level offers even more space to enjoy, featuring a spacious recreation room, built-in bar and room for a pool table - perfect for hosting game nights or relaxing with family and friends. Complete with a detached garage, generous driveway parking and a location on a quiet court, this property offers an exceptional lifestyle in one of Grimsby's most sought-after neighborhoods. A rare opportunity to enjoy peaceful bungalow living with an incredible backyard and nature at your doorstep!

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

Closing Costs

Mortgage Amount
$623,200
Land Transfer Taxes$12,055
Legal Fees (Est.)
$
Total cash required for closing$169,355

Total Monthly Obligation

$3,898/mo
Mortgage $3,142
Monthly Loss $3,071
Principal$827
Interest$2,315
Property Tax$381
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,940/yr
NOI
$17,878/yr
Net Cash Flow
-$1,652/mo
Cash Margin
-66.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.8/ 100

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

Comparables

Properties near 24 Inglewood Court

Time

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