Likely sold or withdrawnWe last saw this listing 158 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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2-bed single_family investor view
246 Main St E, Grimsby, ON L3M1P6 · 1,269 sqft · $575/sqft
2 BED SINGLE-FAMILY HOMEListed 157d · ~5mo
$729,900
Why it works
3.03% 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
3.03% return — below what most lenders require
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.
Is it a good location?
Grimsby
We hold no schools, flood or crime reading for this address yet — open for the map and what we do have. An absence here is a gap in our record, not a clean bill.
■ mapped to a point, not an address
What can we answer in this market?
6 of 11 questions 5 need data we do not hold in this market yet
3 of them run on numbers you set yourself, so they stay amber however good they look.