8 Hemlock Way 38, Grimsby

$599,900
8 Hemlock Way 38

$599,900

New
25d
Att/Row/Townhouse2-Storey

8 Hemlock Way 38, Grimsby

Total Monthly Obligation $3,177

Beds
3
Baths
3
Park
1
Sqft
1100-1500
DOM
25d
Score
21
Yield
5.6%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.0%
Property Type-Att/Row/Townhouse
MLS® Number-X13833836
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-19.65 × 112.96 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,583.6 (2026)
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

Amazing 2-Storey Freehold Townhome In One Of Grimsby's Most Desirable Locations! Beautiful Curb Appeal & Located On A Quiet Street. Bright Open Concept Layout With 2PC Powder Room In Foyer, Spacious Great Room Overlooking Beautiful Kitchen With A Centre Island & Breakfast Bar, B/I Dishwasher, Backsplash, Eat-In Breakfast Area With Walk-Out To Deck, Patio & Fully Fenced Yard. Upper Floor Features 3 Spacious Bedrooms Including The Primary Bedroom Having A 4PC Ensuite With Separate Soaker Tub & Shower & Walk-In Closet. A 4PC Bathroom & Bonus 2 Linen Closets Complete The 2nd Floor. The Unspoiled Basement Comes With The Laundry Area, Rough-In Bathroom, A Large Window & Ample Room To Add Additional Living Space. Convenient Access To The Garage From The Home. This Move-In Home Comes Freshly, Professionally Painted With Brand New Carpet On Stairs & Brand New Laminate Flooring On 2nd Floor. Ideal Location Close To The QEW, Shopping, Schools, Parks, & Recreation Facilities. True Pride Of Ownership!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,177/mo
Mortgage $2,420
Monthly Loss $2,540
Principal$637
Interest$1,783
Property Tax$382
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.8%41
10-Year IRR
11.2%
Returns Index
21.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,432/yr
NOI
$21,005/yr
Net Cash Flow
-$669/mo
Cash Margin
-24.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
26.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 8 Hemlock Way 38

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.