20 JOHN Street 205, Grimsby

$399,999
20 JOHN Street 205

$399,999

New
6d
Condo ApartmentApartment

20 JOHN Street 205, Grimsby

Total Monthly Obligation $3,000

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
6d
Score
26
Yield
9.5%
Cash on Cash
4.4%
Cap Rate
5.5%
5Y IRR
19.1%
10Y IRR
17.5%
Property Type-Condo Apartment
MLS® Number-X14090362
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 17, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,051.16 (2026)
Maintenance-$932.51/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Gas)
Brokerage-RE/MAX GARDEN CITY REALTY INC.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Veneer, Stone
Roof-Asphalt Shingle
Possession-Immediate
Neighbourhood-542 - Grimsby East
Title-Residential Condo & Other

No agent assigned

ELEGANT AND SPACIOUS OPEN CONCEPT, 2 BEDROOM, 2 BATH & 2 BALCONY CONDO in downtown location. Short stroll to library, museum & shops. Beautifully upgraded and maintained. Full ensuite bath & walk-in closet in spacious primary bedroom suite with private balcony. Great eat-in kitchen with island and abundant cabinetry. Family room open to kitchen and 2nd balcony. In-suite laundry room. OTHER FEATURES INCLUDE: Air conditioning (2 years new), kitchen appliances, washer/dryer, freezer. Secure building with elevator, large library & wheelchair accessible. Beautifully maintained grounds & large gazebo for outdoor relaxation. Heat, Hydro, Water, Cable TV, Common Elements Maintenance, Building Insurance & Parking Included in condo Fees. Comfort, tranquility and security in the heart of Grimsby!

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

Closing Costs

Mortgage Amount
$319,999
Land Transfer Taxes$4,475
Legal Fees (Est.)
$
Total cash required for closing$85,975

Total Monthly Obligation

$3,000/mo
Mortgage $1,613
Monthly Loss $2,576
Principal$425
Interest$1,189
Property Tax$254
Condo Fees$933
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.5%68
10-Year IRR
14.5%
Returns Index
35.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$38,100/yr
NOI
$17,649/yr
Net Cash Flow
-$143/mo
Cash Margin
-4.5%2
Cash Flow Index
2.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9121
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
30.7/ 100

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

Comparables

Properties near 20 JOHN Street 205

Time

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Data last updated within the past 24 hours.