374 Book Road Grimsby, Ontario L3M 2M6
$1,099,000
Do Not Miss This exceptional income-producing property offers over 8% cash flow with a gross annual revenue exceeding $96K. Fully tenanted on month-to-month leases, this property includes 3 kitchens, 3 laundries, 7 bedrooms, and 5 washrooms. Approved permits are in place to build a double-car garage with additional units, providing great expansion potential. The large 80 by 124 ft. yard offers a serene and private setting, ideal for relaxation or hosting outdoor gatherings. Located just minutes from the beautiful lakeside neighborhood of Bal Harbor, walk to Lake, Parks, Be part of an amazing, quiet, peaceful community. Easy access to Bell Park, recreational activities, the Bruce Trail, conservation areas, farmers markets, shopping, dining and wineries. Commuters will appreciate the quick access to the QEW. This property is a perfect blend of excellent rental income potential and a prime location. **** EXTRAS **** just off the QEW, near the lake and boasts great future development potential with some permits already in place. Situated on a huge corner lot, offers positive cash flow from the start, generating $8,000 per month in gross income. (id:58043)
Property Details
| MLS® Number | X8468950 |
| Property Type | Single Family |
| Neigbourhood | Grimsby Beach |
| AmenitiesNearBy | Park, Public Transit |
| CommunityFeatures | School Bus |
| Features | Carpet Free, In-law Suite |
| ParkingSpaceTotal | 7 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 6 |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Furniture |
| BasementFeatures | Apartment In Basement |
| BasementType | Crawl Space |
| ConstructionStyleAttachment | Detached |
| ConstructionStyleSplitLevel | Backsplit |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Aluminum Siding |
| FireProtection | Smoke Detectors |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FlooringType | Vinyl, Laminate |
| FoundationType | Block, Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Park, Public Transit |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 124 Ft |
| SizeFrontage | 80 Ft |
| SizeIrregular | 80 X 124 Ft |
| SizeTotalText | 80 X 124 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.06 m | 3.12 m | 4.06 m x 3.12 m |
| Second Level | Bedroom 2 | 3.48 m | 3.43 m | 3.48 m x 3.43 m |
| Second Level | Bedroom 3 | 3.05 m | 3.05 m | 3.05 m x 3.05 m |
| Lower Level | Kitchen | 2.74 m | 2.5 m | 2.74 m x 2.5 m |
| Lower Level | Living Room | 7.7 m | 3.43 m | 7.7 m x 3.43 m |
| Lower Level | Bedroom 4 | 3.43 m | 3.05 m | 3.43 m x 3.05 m |
| Lower Level | Bedroom 5 | 3 m | 3 m | 3 m x 3 m |
| Main Level | Kitchen | 3.48 m | 2.79 m | 3.48 m x 2.79 m |
| Main Level | Living Room | 5.74 m | 4.09 m | 5.74 m x 4.09 m |
| Main Level | Dining Room | 2.61 m | 2.85 m | 2.61 m x 2.85 m |
| Main Level | Sunroom | 5.54 m | 3.66 m | 5.54 m x 3.66 m |
Utilities
| Cable | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/27079216/374-book-road-grimsby
Interested?
Contact us for more information
Altaf Mian
Broker
1339 Matheson Blvd E.
Mississauga, Ontario L4W 1R1
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September 04 2024 04:14:04
Toronto Real Estate Board
Homelife/miracle Realty Ltd