538 Main Street W, Grimsby

$599,900
538 Main Street W

$599,900

New
7d
DetachedBungalow

538 Main Street W, Grimsby

Total Monthly Obligation $3,180

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
7d
Score
22
Yield
6.0%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X14088626
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-75 × 160 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,624.64 (2026)
Parking-2 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-541 - Grimsby West
Title-Residential Freehold

No agent assigned

Property sold "As Is, Where Is" Basis. Seller makes no representations and/or warranties.

$
$
%
%
$
$
$
(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

$3,180/mo
Mortgage $2,420
Monthly Loss $2,543
Principal$637
Interest$1,783
Property Tax$385
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,000/yr
NOI
$23,275/yr
Net Cash Flow
-$480/mo
Cash Margin
-16.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
27.5/ 100

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

Comparables

Properties near 538 Main Street W

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.

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

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Data last updated within the past 24 hours.