26 Red Haven Drive 7, Grimsby

$679,000
26 Red Haven Drive 7

$679,000

New
25d
Condo TownhouseBungalow

26 Red Haven Drive 7, Grimsby

Total Monthly Obligation $3,798

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
25d
Score
16
Yield
4.1%
Cash on Cash
-10.2%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Condo Townhouse
MLS® Number-X13843962
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-16-30
Taxes-$4,456 (2026)
Maintenance-$487.53/mo
Locker-Ensuite+Owned
Parking-4 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE MEADOWTOWNE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-90 Days
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

This beautiful bungalow sits in a residential community nestled amongst approximately 11 other bungalows waiting for a new owner. Offers two good size bedrooms, 2 4 pc bathrooms and a huge living/dining rooms overlooking a private garden oasis. Walk out from living room to a deck to enjoy evenings where relaxation is the only thing left to do. Double car garage in extra appeal for this lovely home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$543,200
Land Transfer Taxes$10,055
Legal Fees (Est.)
$
Total cash required for closing$147,355

Total Monthly Obligation

$3,798/mo
Mortgage $2,739
Monthly Loss $3,077
Principal$721
Interest$2,018
Property Tax$371
Condo Fees$488
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.8%10
10-Year IRR
6.7%
Returns Index
6.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$28,008/yr
NOI
$12,501/yr
Net Cash Flow
-$1,697/mo
Cash Margin
-72.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
20.8/ 100

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

Comparables

Properties near 26 Red Haven Drive 7

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.