374 Book Rd
Grimsby, L3M 2M6
FOR SALE
$899,000
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4 + 2
BEDROOMS5
BATHROOMS1 + 2
KITCHENS9 + 2
ROOMSX10409474
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Property Description
Detached House, Excellent Location Near to QEQ and Lake Ontario, Currently tenanted on month-to-month leases, this property is a Great buy for investors or First time buyers , Functional Floor Plan, Owners can live on Main Floor 3 bedrooms and 2 full washrooms plan and Let tenants pay your mortgage. Approved permits are in place to build a double-car garage with additional units, providing great expansion potential. The large 80 by 124 ft. corner yard offers a serene and private setting, ideal for relaxation or hosting outdoor gatherings. Located just minutes from the beautiful lakeside neighborhood of Bal Harbor, walk to Lake, Parks, Be part of an amazing, quiet, peaceful community. Easy access to Bell Park, recreational activities, the Bruce Trail, conservation areas, farmers markets, shopping, dining and wineries. Commuters will appreciate the quick access to the QEW. This property is a perfect blend of Luxury living, excellent rental income potential and a prime location.
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Extras
Just off of the QEW, near the lake and boasts great future development potential with some permits already in place. Situated on a huge corner lot, offers positive cash flow from the start, generating $8,000 per month in gross income.
Property Features
Fenced Yard, Lake Access, Park, Public Transit, School Bus Route
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Property Details
Street
City
Property Type
Detached, Backsplit 3
Approximate Sq.Ft.
1100-1500
Lot Size
80' x 124'
Acreage
< .50
Fronting
North
Taxes
$4,298 (2024)
Basement
Apartment, Crawl Space
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.15' x 11.42' | Vinyl Floor, Quartz Counter, Stainless Steel Appl |
| Living | Main | 13.42' x 18.83' | Vinyl Floor, Pot Lights, O/Looks Frontyard |
| Dining | Main | 9.35' x 8.56' | Vinyl Floor, Combined W/Living, Open Concept |
| Sunroom | Main | 12.01' x 18.18' | Vinyl Floor, 3 Pc Bath, Combined W/Br |
| Prim Bdrm | 2nd | 10.24' x 13.32' | Laminate, Large Closet, Large Window |
| 2nd Br | 2nd | 11.25' x 11.42' | Laminate, Closet, Window |
| 3rd Br | 2nd | 10.01' x 10.01' | Laminate, Closet, Window |
| Living | Lower | 11.25' x 25.26' | Vinyl Floor, Pot Lights, Window |
| 4th Br | Lower | 10.01' x 11.25' | Vinyl Floor, Closet, Window |
| 5th Br | Lower | 9.84' x 9.84' | Vinyl Floor, Closet, Window |
| Kitchen | Lower | 8.20' x 8.99' | Vinyl Floor, Stainless Steel Appl, B/I Microwave |
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Grimsby Market Statistics
Grimsby Price Trend
374 Book Rd is a 4-bedroom 5-bathroom home listed for sale at $899,000, which is $87,750 (8.9%) lower than the average sold price of $986,750 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 4 bedroom home in Grimsby declined by $139,916 (12.4%) compared to the previous 30 day period (October 22 - November 20) and down $33,250 (3.3%) from the same time one year ago.Inventory Change
There were 9 4-bedroom homes listed in Grimsby over the last 30 days (November 21 - December 20), which is down 25.0% compared with the previous 30 day period (October 22 - November 20) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Grimsby typically sold $95 (0.0%) above asking price over the last 30 days (November 21 - December 20), which represents a $28,156 increase compared to the previous 30 day period (October 22 - November 20) and ($62,400) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Grimsby over the last 30 days (November 21 - December 20) stood at 111.1%, down from 175.0% over the previous 30 days (October 22 - November 20) and up from 83.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Grimsby stood at 5 days when successfully sold over the last 30 days (November 21 - December 20), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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