380 Lake Street 39, Grimsby

$629,000
380 Lake Street 39

$629,000

New
4d
Att/Row/Townhouse2-Storey

380 Lake Street 39, Grimsby

Total Monthly Obligation $3,310

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
4d
Score
19
Yield
5.2%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Att/Row/Townhouse
MLS® Number-X14096018
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-20.01 × 89.61 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$4,778 (2025)
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Electric)
Brokerage-RE/MAX EXCELLENCE REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-540 - Grimsby Beach
Title-Residential Freehold

No agent assigned

Welcome to Unit 39 at 380 Lake Street - a beautifully maintained, freshly painted, move-in-ready freehold townhouse in the desirable lakesidecommunity of Grimsby. This spacious 2-storey home offers 3 bedrooms, 2.5 bathrooms, and elegant hardwood flooring throughout, with noListing X13657866 MLS Data InformationSeptember 1, 2026 Copyright 2026 Amplify Systems, LLC.All Rights Reserved. 1 of 2carpet, combining timeless style with easy maintenance. The bright, open-concept main floor features a modern kitchen overlooking the diningand living areas, creating the perfect space for everyday living and entertaining. Step outside to the covered deck and private backyard, ideal forrelaxing or hosting family and friends in any season. Additional highlights include upgraded kitchen cabinetry, central vacuum, an attachedgarage, and quality finishes throughout. Upstairs, you'll find three generously sized bedrooms, all with hardwood flooring, including aspaciousprimary suite, as well as the convenience of second-floor laundry. Ideally located at 380 Lake Street, this home is just minutes from Lake Ontario,waterfrontparks and trails, shopping, restaurants, schools, wineries, and offers quick access to the QEW, making commuting to Hamilton,Burlington, Niagara, and the GTA effortless. Freshly painted and truly move-in ready, this exceptional freehold townhouse offer slowmaintenance living and is an outstanding opportunity for first-time buyers, growing families, investors, or down sizers looking to enjoy one ofGrimsby's most desirable communities.

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

Closing Costs

Mortgage Amount
$503,200
Land Transfer Taxes$9,055
Legal Fees (Est.)
$
Total cash required for closing$136,355

Total Monthly Obligation

$3,310/mo
Mortgage $2,537
Monthly Loss $2,643
Principal$668
Interest$1,870
Property Tax$398
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,424/yr
NOI
$19,904/yr
Net Cash Flow
-$879/mo
Cash Margin
-32.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.9/ 100

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

Comparables

Properties near 380 Lake Street 39

Time

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Data last updated within the past 24 hours.