27 Mountain Street, Grimsby, Ontario L3M 3J9

URBAN Rare opportunity to own 2,694 sq ft legal non-conforming duplex nestled in the heart of Grimsby along the Niagara Escarpment. Zoned TRM this property is perfect for residential investor or owner looking to occupy one apartment & receive a return on the rest of their investment. The Century Home was remodeled in 2019 and sits on a beautiful oversized lot with 4 parking spaces & garden shed for additional storage. The main floor apartment features two bedrooms, updated 4 pc bathroom with granite counters, new Kitchen with granite countertops, living room with wainscoting & fireplace, & hardwood floors & California shutters throughout. The upstairs apartment features two bedrooms, updated 4 pc bathroom with granite counters, a remodeled kitchen with granite counters, dining room, living room, vinyl plank flooring & California shutters throughout. There are two Boilers (one new in 2021), two Central Air units, two Hot Water Heaters (one new in 2022), two 100 amp breaker panels, laundry for each unit in the basement & each unit is separately metered. Unit #1 Main Floor is 2 beds/1 bath: fair market rent $2,200.00-2,500/month+utilities. Unit #2 Upper Floor unit 2 beds/1 bath: fair market rent $2,200-2,500.00/month+utilities; Total Gross Rent/Year= $52,800-$60,000. Updates: 2019 - windows, doors, new appliances, eavestroughs, downspouts, 2022 – Paved Driveway, 2023 – New Roof, attic insulation and new soffits. Buyer to do their own due diligence. (id:27476)

Located in the heart of Grimsby along the Niagara Escarpment, this 2,694 sq ft legal duplex presents a rare opportunity for ownership. The property is zoned TRM, making it ideal for residential investors or owners who want to live in one apartment while earning a return on their investment. The Century Home was renovated in 2019 and is situated on an oversized lot with 4 parking spaces and a garden shed for additional storage.

The main floor apartment boasts two bedrooms, an updated 4 pc bathroom with granite counters, a new kitchen with granite countertops, a living room with wainscoting and fireplace, as well as hardwood floors and California shutters throughout. The upstairs apartment also features two bedrooms, an updated 4 pc bathroom with granite counters, a remodeled kitchen with granite counters, a dining room, a living room, vinyl plank flooring, and California shutters throughout. Each unit has separate laundry in the basement and is separately metered.

Unit #1 on the main floor consists of 2 beds/1 bath with a fair market rent of $2,200.00-2,500/month+utilities, while Unit #2 on the upper floor also has 2 beds/1 bath with a fair market rent of $2,200-2,500.00/month+utilities. The total gross rent per year is estimated to be $52,800-$60,000. The property has undergone updates such as new windows, doors, appliances, eavestroughs, and downspouts in 2019, a paved driveway in 2022, and a new roof, attic insulation, and new soffits in 2023.

This property, located at 27 Mountain Street in Grimsby, Ontario, is currently for sale. It sits on a land size of 49 x 161, which is under 1/2 acre, and is surrounded by amenities such as hospitals, recreational facilities, and schools. Additionally, there is a creek or stream nearby. The house itself features 2 bathrooms, 4 bedrooms above ground, and a total of 4 bedrooms. It has an architectural style of 2 Level, an unfinished basement, and a detached construction style. The cooling type is central air conditioning, with an exterior finish of aluminum siding. Other features include a fireplace, heating fuel of natural gas, radiant heat, and a total of 2 stories.