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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2-bed single_family investor view
246 Main St E, Grimsby, ON L3M1P6 · 1,269 sqft · $575/sqft
2 BED SINGLE-FAMILY HOMEListed 136d ago
$729,900
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
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 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.
One card is deliberately absent.Renting it by the room — Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.