520 North Service Road 411, Grimsby

$399,900
520 North Service Road 411

$399,900

New
18d
Condo Apartment1 Storey/Apt

520 North Service Road 411, Grimsby

Total Monthly Obligation $2,620

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
18d
Score
19
Yield
6.4%
Cash on Cash
-4.6%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.7%
Property Type-Condo Apartment
MLS® Number-X13860920
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 5, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,775 (2025)
Maintenance-$575.34/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-FLEXIBLE
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

Discover the perfect blend of comfort and style in this exceptional top-floor end unit, where breathtaking views of the Grimsby escarpment greetyou every day. This thoughtfully designed and generously sized 1+1 condo offers the ideal combination of modern living and natural beauty. Step through thewelcoming foyer featuring a generous double door closet that provides abundant storage space, taking note of the high ceilings which set the tone for the practical elegancefound throughout this home. The heart of this home is the stunning open concept kitchen and living room design, perfect for both everydayliving and entertaining. The spacious kitchen boasts a large, upgraded island ideal for meal preparation or casual dining, eye-catching two-tone cabinetrythat adds sophisticated visual interest, and stainless-steel appliances for the discerning home chef. The spacious living room creates theperfect sanctuary for cozy evenings, enhanced by expansive sliding doors that flood the space with natural light from southern exposure. Stepoutside onto your private balcony, complete with privacy screen, where you can enjoy your morning coffee or evening wind-down in seclusion.This versatile 1+1 layout provides excellent options for customizing your space to suit your lifestyle, whether you need a dedicatedbedroom and home office, guest room, or creative studio space. The well-appointed bathroom combines style and functionality with amplestorage solutions, a sleek modern glass shower with tub for ultimate relaxation. Perfectly positioned for the ultimate lifestyle convenience, this location offers walking distance to beautiful Casablanca Beach, quick access to QEW for easy commuting, close proximity to shopping, amenities and local attractions, while being in a beautifully maintained building.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,620/mo
Mortgage $1,613
Monthly Loss $2,195
Principal$424
Interest$1,189
Property Tax$231
Condo Fees$575
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.1%24
10-Year IRR
9.3%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$25,440/yr
NOI
$10,817/yr
Net Cash Flow
-$712/mo
Cash Margin
-33.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.1/ 100

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

Comparables

Properties near 520 North Service Road 411

Time

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