Likely sold or withdrawnWe last saw this listing 137 days ago. It may no longer be available — treat these numbers as a reference and confirm with the listing agent before acting.
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4-bed single_family investor view
51 Park Rd S, Grimsby, ON L3M4E7
4 BED SINGLE-FAMILY HOMEListed 136d ago
$1,799,000
List price
Monthly profit
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Cash needed
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Return after costs
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IRR
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Weak
There is no rent on file here — put one you believe into the assumptions and every figure below moves with it.
Why it works
2.41% return before costs — around the area average for this property type
Nothing here is unusual enough, in either direction, to be a reason on its own.
Why to be cautious
2.41% return — below most lender Rent-covers-mortgage checks
Most lenders want the rent to cover about 1.25× the stressed mortgage payment. At this yield it may not.A bigger deposit fixes the lender test — it does not fix the return. See the lender's view →
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.