10 Esplanade Lane 511, Grimsby

$399,900
10 Esplanade Lane 511

$399,900

New
7d
Condo Apartment1 Storey/Apt

10 Esplanade Lane 511, Grimsby

Total Monthly Obligation $2,567

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
7d
Score
19
Yield
6.2%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-X14087982
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$2,804.89 (2026)
Maintenance-$520.32/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete Block
Roof-Flat
Foundation-Poured Concrete
Possession-Other
Neighbourhood-540 - Grimsby Beach
Title-Residential Condo & Other

No agent assigned

Gorgeous Lake Views from this 5th floor executive unit with an easterly view of both the lake to the north, the east and around to the escarpment in the south. Located in trendy Grimsby-On-The-Lake with awesome restaurants & boutiques, close to all types of shopping amenities in beautiful Grimsby, and a quick drive to local wineries and with easy highway access. Perfect condo for first time buyers, snowbirds, couples or singles! Great work from home set up with separate den. Features laminate floors throughout and in suite laundry. Complex amenities include outdoor pool, gym, party room. Includes one underground parking spot & locker. This one provides a great lifestyle both in and out!

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

Closing Costs

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

Total Monthly Obligation

$2,567/mo
Mortgage $1,613
Monthly Loss $2,143
Principal$424
Interest$1,189
Property Tax$234
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.2%24
10-Year IRR
9.4%
Returns Index
13.2/ 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
$24,876/yr
NOI
$10,940/yr
Net Cash Flow
-$701/mo
Cash Margin
-33.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
29.6/ 100

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

Comparables

Properties near 10 Esplanade Lane 511

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.