12 Baker Road N, Grimsby

$1,049,900
12 Baker Road N

$1,049,900

New
2d
DetachedBungalow

12 Baker Road N, Grimsby

Total Monthly Obligation $5,109

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
2d
Score
16
Yield
3.7%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-X14101570
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-85 × 145 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,992 (2026)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-542 - Grimsby East
Title-Residential Freehold

No agent assigned

Sprawling ranch bungalow offering over 2,750 sq ft of total finished living space on a premium, mature 85' x 145' lot. The bright, sunlit foyer opens to a formal living room featuring hardwood floors, classic crown moulding, a cozy gas fireplace, and a large bay window with front garden views. Elegant, leaded double doors lead into the chef's eat-in kitchen, complete with extended-height solid wood cabinetry, durable dovetail drawers, solid surface countertops, stainless steel appliances, and a second bay window overlooking the backyard. The main floor seamlessly flows into an expansive family room spanning the full depth of the home, complete with a convenient 2-piece powder room. Relax in the large sunroom, providing a private oasis with views of towering trees and mature landscaping. The primary bedroom features hardwood flooring and double closets, alongside a spacious second bedroom and a 4-piece bath. The fully finished lower level boosts your living space with brand-new luxury vinyl flooring, a massive recreation room, two additional bedrooms with proper egress windows, a bright laundry room, a 4-piece bath, and extensive storage with built-in shelving. Built on a solid poured concrete foundation with a concrete driveway, a single car garage, and a large storage shed. Unbeatable location just minutes from West Lincoln Memorial Hospital, West Niagara Secondary School, the YMCA, and quick QEW access.

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

Closing Costs

Mortgage Amount
$839,920
Land Transfer Taxes$17,473
Legal Fees (Est.)
$
Total cash required for closing$228,953

Total Monthly Obligation

$5,109/mo
Mortgage $4,235
Monthly Loss $3,995
Principal$1,114
Interest$3,121
Property Tax$499
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.9%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 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
$38,400/yr
NOI
$24,068/yr
Net Cash Flow
-$2,229/mo
Cash Margin
-69.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
17.3/ 100

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

Comparables

Properties near 12 Baker Road N

Time

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