HN
40 Esplanade Lane 406, Grimsby, ON L3M 0G9, Grimsby, ON
+19 photos
$699,900

40 Esplanade Lane 406, Grimsby, ON L3M 0G9, Grimsby, ON

Grimsby, ON L3M 0G9
2 beds 2 baths Condo Apartment

About this home

Welcome to Unit 406 at beautiful Lake House condo in the heart of Grimsby-On-The-Lake, offering the perfect blend of modern living and waterfront lifestyle. This bright, open-concept suite features a stylish kitchen with quartz countertops, sleek cabinetry, stainless steel appliances, and a large island with seating, seamlessly flowing into the living and dining areas. Expansive windows fill the space with natural light and views of the lake and vibrant community. Sit back and relax on your choice of 2 stunning covered balconies, one facing south, one facing east. The unit offers well-sized bedrooms, including a primary retreat with ample closet space, along with a modern 3-piece bath. Thoughtfully designed with neutral finishes and quality flooring throughout, this home is truly move-in ready. Residents enjoy access to impressive building amenities including a pool, party room, fitness area, and outdoor spaces. Just steps to Lake Ontario, waterfront trails, parks, cafés, restaurants, and all amenities, with easy access to the QEW-this is low-maintenance lakeside living at its best.

Property Score

50/ 100
Overall Property Score
fair

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
-$2,524/mopoor
Estimated -$2,524/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
1.28%poor
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13054448
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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