15 Karen Crescent, Grimsby

$899,900
15 Karen Crescent

$899,900

New
8d
DetachedBungalow

15 Karen Crescent, Grimsby

Total Monthly Obligation $4,440

HausQ Valuation Report
Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
8d
Score
16
Yield
3.5%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X14084666
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-55.1 × 133.06 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,226 (2026)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric, Wood
Pool-Inground
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Shingles
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

Welcome to this charming 1,200 sq. ft. bungalow nestled in a mature, established neighborhood, just a short walk to the beautiful shores of Lake Ontario. Featuring 3 bedrooms, 2 full bathrooms, and a finished basement, this home offers comfortable living space for families, downsizers, or anyone looking to enjoy a relaxed lakeside lifestyle. The dining room features patio doors that open directly onto the rear yard, creating a seamless connection between indoor and outdoor living. Step outside to enjoy the in-ground swimming pool, with depths ranging from 3 to 10 feet, perfect for summer entertaining, relaxing, and making lasting memories with family and friends. Located in a desirable, mature neighborhood close to the lake, this property offers a wonderful opportunity to enjoy comfortable living with the added appeal of your own private backyard retreat.

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

Closing Costs

Mortgage Amount
$719,920
Land Transfer Taxes$14,473
Legal Fees (Est.)
$
Total cash required for closing$195,953

Total Monthly Obligation

$4,440/mo
Mortgage $3,630
Monthly Loss $3,485
Principal$955
Interest$2,675
Property Tax$436
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.4/ 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
$31,260/yr
NOI
$18,408/yr
Net Cash Flow
-$2,096/mo
Cash Margin
-80.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
18.7/ 100

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

Comparables

Properties near 15 Karen Crescent

Time

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Data last updated within the past 24 hours.