| Lakeside Drive, Grimsby, Ontario
Offer Date: January 17th, 2023
Closing Date: February 10th, 2023
About the Property
Check out this detached bungalow consisting of 4 bedrooms and 2 bathrooms. This property is in need of a full renovation to bring it back to its glory. There is a side entrance so there is potential to add a legal secondary accessory suite. The roof was redone 4 years ago but the windows need to be replaced as they are dated. There are no lights in the main living room where the front entrance is so we would recommend adding pot lights or a light fixture. There is some mold on the concrete walls in the basement that will need to be looked at. This property is perfect for am investor looking to add a fix and flip or BRRR to their portfolio.
About the Neighbourhood
The subject property is located in a desirable neighbourhood of Grimsby. Located steps away from the lake this property would be great for an AirBNB or short term rental! Grimsby is located 30 minutes south from Hamilton and about an hour away from Toronto. Located close to countless amenities this property is just a short drive away from the Real Canadian Superstore, Canadian Tire, Shoppers Drug Mart, McDonalds, Tim Hortons and countless others. The property is also only less than a 10 minute drive to the Hospital and a number of different beaches.
Property Details
- Detached Bungalow
- 3+1 bedrooms
- 3 bedrooms on the main floor
- 1 bedroom in the basement
- 2 bathrooms
- 1 full bathroom
- 1 half bathroom
- 1009 sqft above grade
- 1000 sqft below grade
- Basement has 8ft ceiling height with separate entrance
- Windows need to be replaced
- Roof was redone in 2018
- Furnace is owned, purchased in 2021
- HWT is a rental
- A/C is owned, seller unaware of age
- Property taxes are about $4141
- 64ft by 100ft
- Built in 1967
- Zoning: RD3 (MPAC states R2 as this was the old zoning)
Recommended Renovations
- Full cosmetic renovation
- Add an acessory secondary suite
- Seller has the option to leave junk behind so we would recommend budgeting for junk removal
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