$1,099,000 FOR SALE
Detached Backsplit 3-Level
Bedrooms: 4+2Bathrooms: 5Lot: 80 x 124 ft2023 Taxes: $4,298
374 Book Rd
Grimsby, ON
L3M 2M6 | Niagara
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.
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| Listed By | HOMELIFE/MIRACLE REALTY LTD |
|---|---|
| Data Provided By | Toronto Regional Real Estate Board |
| MLS® Listing Number | X8468950 |
| Last Updated | Jul 15, 2024 |
Property Summary
| Property Type |
Detached
More like this: |
|---|---|
| PIN | 460320110 |
| Legal Description | LT 7 PL 530 ; GRIMSBY |
| Parcel of Tied Land | N |
| Possession Date | Flexible |
| Taxes (2023) | $4,298 |
| Assessment (2023) | $344,000 |
| Directions/Cross Streets | Lake St. & Book Rd. |
| Area | Niagara |
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
| Fronting On | N |
|---|---|
| Link | N |
| Property Features | Fenced Yard, Lake Access, Park, Public Transit, School Bus Route |
| Special Designations | Unknown |
| Bedrooms | 4+2 |
| Bathrooms | 5 |
| Rooms | 9+2 |
| Kitchens | 1+2 |
| Lot | 80 x 124 ft |
| Acreage | <.50 |
| Approximate Square Footage | 1100-1500 |
| Approximate Age | 51-99 |
| Exterior | Alum Siding, Brick |
| Elevator | N |
| Air Conditioning | Central Air |
| Family Room | N |
| Fireplace/Stove | Y |
| Pool | None |
| Laundry Level | Main |
| Basement | Apartment, Crawl Space |
| Drive | Private |
| Garage Spaces | 0.0 |
| Garage Type | None |
| Parking Spaces | 7 |
| Total Parking Spaces | 7.0 |
| Retirement | N |
| Heat Source | Gas |
| Heat Type | Forced Air |
| Sewers | Sewers |
| Utilities-Hydro | A |
| Utilities-Gas | A |
| Utilities-Cable | A |
| Utilities-Telephone | A |
| Water | Municipal |
| UFFI | No |
| Seller Property Info Statement | N |
Rooms
| Room | Level | Dimensions | Notes |
|---|---|---|---|
| Kitchen | Main | 3.48 m x 2.79 m (11.42 ft x 9.15 ft) | Vinyl Floor, Quartz Counter, Stainless Steel Appl |
| Living | Main | 5.74 m x 4.09 m (18.83 ft x 13.42 ft) | Vinyl Floor, Pot Lights, O/Looks Frontyard |
| Dining | Main | 2.61 m x 2.85 m (8.56 ft x 9.35 ft) | Vinyl Floor, Combined W/Living, Open Concept |
| Sunroom | Main | 5.54 m x 3.66 m (18.18 ft x 12.01 ft) | Vinyl Floor, 3 Pc Bath, Combined W/Br |
| Prim Bdrm | 2nd | 4.06 m x 3.12 m (13.32 ft x 10.24 ft) | Laminate, Large Closet, Large Window |
| 2nd Br | 2nd | 3.48 m x 3.43 m (11.42 ft x 11.25 ft) | Laminate, Closet, Window |
| 3rd Br | 2nd | 3.05 m x 3.05 m (10.01 ft x 10.01 ft) | Laminate, Closet, Window |
| Living | Lower | 7.7 m x 3.43 m (25.26 ft x 11.25 ft) | Vinyl Floor, Pot Lights, Window |
| 4th Br | Lower | 3.43 m x 3.05 m (11.25 ft x 10.01 ft) | Vinyl Floor, Closet, Window |
| 5th Br | Lower | 3 m x 3 m (9.84 ft x 9.84 ft) | Vinyl Floor, Closet, Window |
| Kitchen | Lower | 2.74 m x 2.5 m (8.99 ft x 8.2 ft) | Vinyl Floor, Stainless Steel Appl, B/I Microwave |
Bathrooms
| Pieces | Level |
|---|---|
| 4 | Main |
| 3 | Main |
| 4 | Lower |
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