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.
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.
City: Grimsby
Sold Comparables homes near Book Rd, Grimsby
Located at 374 Book Rd , this Grimsby house was listed for $1,099,000. This house's size is 1100-1500 Sqft. It has 4 bedrooms and 5 bathrooms. The property includes the following rooms: Kitchen, Living, Dining, Sunroom, Prim Bdrm, 2nd Br, 3rd Br, Living, 4th Br, 5th Br, Kitchen. This property comes with 7 parking spots.
MLS#: X8468950 · $1,099,000 · 4 bedroom house in Grimsby