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$1,099,000
Available - For Sale
Listing ID: X8468950
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.
Price $1,099,000
Taxes: $4,298
Assessment: $344000
Assessment Year: 2023
Address: 374 Book Rd , Grimsby, L3M 2M6, Ontario
Lot Size: 80 x 124 (Feet)
Acreage: < .50
Directions/Cross Streets: Lake St. & Book Rd.
Rooms: 9
Rooms +: 2
Bedrooms: 4
Bedrooms +: 2
Washrooms: 5
Kitchens: 1
Kitchens +: 2
Family Room: N
Basement: Apartment
Crawl Space
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 11.41 9.15
Room 2: Main Living 18.83 13.42
Room 3: Main Dining 8.56 9.35
Room 4: Main Sunroom 18.17 12.00
Room 5: 2nd Prim Bdrm 13.32 10.23
Room 6: 2nd 2nd Br 11.41 11.25
Room 7: 2nd 3rd Br 10.00 10.00
Room 8: Lower Living 25.26 11.25
Room 9: Lower 4th Br 11.25 10.00
Room 10: Lower 5th Br 9.84 9.84
Room 11: Lower Kitchen 8.99 8.20
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Main
Washroom 3:  4 Lower
Property Type: Detached
Style: Backsplit 3
Exterior: Alum Siding
Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 7
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
Property Features: Fenced Yard
Lake Access
Park
Public Transit
School Bus Route
Fireplace/Stove: Y
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Main
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: A
Utilities-Gas: A
Utilities-Telephone: A
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HOMELIFE/MIRACLE REALTY LTD

374 Book Rd , Grimsby, L3M 2M6, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Niagara
Municipality: Grimsby
Neighbourhood:
Style: Backsplit 3
Lot Size: 80.00 x 124.00(Feet)
Approximate Age: 51-99
Tax: $4,298
Maintenance Fee: $0
Beds: 4+2
Baths: 5
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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