$669,900
15 ADELAIDE STREET
Beds
4
Baths
2
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grimsby (Grimsby East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome home to 15 Adelaide Street Grimsby. This property is a unique opportunity in the heartof downtown Grimsby. Discover the possibilities of this charming two-storey home / legal duplexin the vibrant core of downtown Grimsby. Whether you're a first-time home buyer, a young couplelooking to offset mortgage costs, or an investor seeking a solid income property, thiswell-maintained home offers flexibility, character and excellent potential. This home offerstwo separate self contained units or open it up as a two storey home. Live in one unit and rentthe other and make homeownership work for you . Lower level is spacious and inviting, featuringthree bedrooms, a 4 piece bathroom , a welcoming living room and an eat-in kitchen and 4-piecebath. The upper unit has a comfortable and functional layout with one bedroom, a bright livingroom, eat in kitchen and a 4 piece bath. As a bonus this property offers a detached heated shopfor for all the mechanical toys, or could easily be converted into an auxiliary living area.Don't miss out on this fantastic opportunity to own a versatile property in one of Grimsby'smost eclectic downtown communities steps away from shops, restaurants, parks, communityamendments and enjoy the easy access to QEW. Some picture are virtually staged. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- 542 - Grimsby East
- Lot dimensions
- 27.8 x 155.3 FT ; 166.8ft x 27.8ft x 166.25ft x 37.25ft
- Bedrooms
- 4 above grade
- Parking
- 5 total
- Stories
- 2
- On market
- Mar 26, 2026
- Status changed
- Apr 29, 2026
- Annual tax
- $4,722.33
- Photos
- 35
- MLS#
- X12924718
- Area
- GRIMSBY_(GRIMSBY_EAST)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Community
Cash on cash
-6.78%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,147
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.