$1,099,000 FOR SALE

Detached Backsplit 3-Level

Bedrooms: 4+2Bathrooms: 5Lot: 80 x 124 ft
2023 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
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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
KitchenMain3.48 m x 2.79 m (11.42 ft x 9.15 ft)Vinyl Floor, Quartz Counter, Stainless Steel Appl
LivingMain5.74 m x 4.09 m (18.83 ft x 13.42 ft)Vinyl Floor, Pot Lights, O/Looks Frontyard
DiningMain2.61 m x 2.85 m (8.56 ft x 9.35 ft)Vinyl Floor, Combined W/Living, Open Concept
SunroomMain5.54 m x 3.66 m (18.18 ft x 12.01 ft)Vinyl Floor, 3 Pc Bath, Combined W/Br
Prim Bdrm2nd4.06 m x 3.12 m (13.32 ft x 10.24 ft)Laminate, Large Closet, Large Window
2nd Br2nd3.48 m x 3.43 m (11.42 ft x 11.25 ft)Laminate, Closet, Window
3rd Br2nd3.05 m x 3.05 m (10.01 ft x 10.01 ft)Laminate, Closet, Window
LivingLower7.7 m x 3.43 m (25.26 ft x 11.25 ft)Vinyl Floor, Pot Lights, Window
4th BrLower3.43 m x 3.05 m (11.25 ft x 10.01 ft)Vinyl Floor, Closet, Window
5th BrLower3 m x 3 m (9.84 ft x 9.84 ft)Vinyl Floor, Closet, Window
KitchenLower2.74 m x 2.5 m (8.99 ft x 8.2 ft)Vinyl Floor, Stainless Steel Appl, B/I Microwave
Bathrooms
Pieces Level
4Main
3Main
4Lower

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