Hassan Nouman
156 Lakeside Drive, Grimsby, ON L3M 2L5, Grimsby, ON
+7 photos
$699,000

156 Lakeside Drive, Grimsby, ON L3M 2L5, Grimsby, ON

Grimsby, ON L3M 2L5
3 beds 2 baths Detached

About this home

Located in the sought-after Grimsby Beach neighbourhood along Lake Ontario, 156 Lakeside Drive is a well-maintained bungalow offering 3 bedrooms & 2 full bathrooms. The home is carpet-free, featuring original thin plank hardwood flooring in the main living room and bedrooms. Three separate entrances provide convenient access & functional flow throughout. The spacious eat-in kitchen is equipped with quartz countertops & patio doors leading to the backyard, creating a seamless indoor-outdoor connection. The main level offers a practical layout highlighted by a large front window that fills the principal rooms with natural light. The lower level is equipped with a complete walk-up separate entrance, large bright rec room area as with any sidesplit or backsplit layout, includes a full bathroom along with a generous storage area under the main floor living space. Exterior features include a private double-wide concrete driveway accommodating up to five vehicles and a fully fenced backyard with a two-tier deck, shed, and manageable green space. Updates include furnace (2016), A/C (2023), soffits and eaves (2013), and roof (2007). Windows feature a tilt mechanism for easy cleaning. Located steps to Lake Ontario and within walking distance to Murray Street Park and Marrocco Park, with a short drive to Whittaker Park. Convenient access to the QEW and approximately a 3-minute drive to downtown Grimsby, with nearby schools and amenities.

Property Score

57/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
45/100fair
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
83% of city avggreat
Priced below Grimsby's average of $845,000.
Appreciation Trend
+1.9%/yrgreat
Grimsby has seen +1.9% YoY price change.
Monthly Cash Flow
-$1,814/mopoor
Estimated -$1,814/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
2.50%fair
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,620/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13042452
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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