173 Main Street W, Grimsby

$849,000
173 Main Street W

$849,000

New
7d
Detached2-Storey

173 Main Street W, Grimsby

Total Monthly Obligation $4,443

Beds
2
Baths
3
Park
4
Sqft
1500-2000
DOM
7d
Score
16
Yield
4.3%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-X14087192
Beds-2
Bathrooms-3
Size-1500-2000 sqft
Lot Size-102.65 × 132 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$7,716.85 (2026)
Parking-5 - Attached
Basement-Full, Unfinished
Heating-Baseboard (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Other, Wall Unit(s)
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

UNIQUE YET DISTINCTIVE -- TUCKED AGAINST THE ESCARPMENT ... Backing onto serene green space, life at 173 Main St W, Grimsby brings together inviting spaces, unexpected details and room to make it your own. Step through the foyer into the main level where updated flooring, crown moulding, skylights, potlights, pocket doors, and Juliet balcony add refined finishing touches. In the spacious living room, a VAULTED CEILING & SKYLIGHT create an airy feel, while a GAS FIREPLACE with mantel & stone surround creates a cozy feeling. The dining room is ready for weeknight dinners or special celebrations, with big windows boasting nature views, while connecting to the UPDATED kitchen (2024) - QUARTZ counters and backsplash, new appliances (2025), and a butler pantry that adds handy extra space. The sunken mudroom/laundry with washer & dryer (2023) provides direct garage and yard access along with a 2-pc bath. Step outside to the private, gated patio w/gas BBQ hookup, then up a few steps to a secluded UPPER PATIO, with the gorgeous NIAGARA ESCARPMENT as your backdrop. The upper level features a versatile LOFT area with Murphy Bed that could function as another bedroom area. The SUNKEN PRIMARY BEDROOM suite feels like its own retreat with a WALK-IN CLOSET, thermostat-controlled GAS FIREPLACE and WALK OUT to a private deck. The luxurious ENSUITE turns everyday routines into something special with a HEATED FLOOR, XL soaker TUB, and stand-up shower + pocket door. A second bedroom and 4-pc bath complete the level. Ductless split A/C adds additional comfort, while the unfinished basement provides additional space for storage and future possibilities. XL garage + DOUBLE drive. Located WALKING DISTANCE to everything that makes Grimsby desirable - downtown core, shopping, restaurants, plus easy highway access AND 2 minutes to GO Station! CLICK ON MULTIMEDIA for virtual tour, drone photos, floor plans & more.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,443/mo
Mortgage $3,425
Monthly Loss $3,542
Principal$901
Interest$2,523
Property Tax$643
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.8%17
10-Year IRR
8.1%
Returns Index
10.0/ 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
$36,360/yr
NOI
$20,507/yr
Net Cash Flow
-$1,716/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
19.0/ 100

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

Comparables

Properties near 173 Main Street W

Time

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Data last updated within the past 24 hours.