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:27910)
Property Details
| MLS® Number | X8468950 |
| Property Type | Single Family |
| Amenities Near By | Park, Public Transit |
| Community Features | School Bus |
| Features | Carpet Free, In-law Suite |
| Parking Space Total | 7 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 6 |
| Appliances | Water Heater, Furniture |
| Basement Features | Apartment In Basement |
| Basement Type | Crawl Space |
| Construction Style Attachment | Detached |
| Construction Style Split Level | Backsplit |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Aluminum Siding |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Block, Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Irregular | 80 X 124 Ft |
| Size Total Text | 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 |
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June 24 2024 05:39:58
Toronto Real Estate Board
Homelife/miracle Realty Ltd