Lakeside Brick Bungalow with Finished Basement in Grimsby

Property details for 37 Lorne Avenue, Grimsby

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Living Area: 2,500 square feet
Stories: 1
Basement: Finished, Full
Parking: Detached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,779

This 1966 brick bungalow sits on a 61x100 ft treed lot just moments from Lake Ontario, and it's been freshly painted inside with timeless hardwood floors throughout. The main floor has three bedrooms, a 4pc bath, and a bright living room that opens to a dining area, plus a kitchen with a gas stove and island (though the kitchen dimensions are 9'8" x 16'10", so it's a decent size). The real gem is the fully finished basement with a rec room (10'11" x 26'4") that includes a gas fireplace, a games room, a dining room, a 2pc bath, laundry, and even a fruit cellar for storage. Outside, there's a private fenced yard with a 16x12 covered deck, perfect for morning coffee or summer BBQs. The detached 1.5-car garage is about 500 sq ft with power, so it's a workshop or extra storage. You're minutes from Murray Street Park for lake sunsets and walking trails, and downtown Grimsby's shops and restaurants are just a short drive. QEW access makes commuting easy. Priced at $725K, it's above the nearby median sold price of $654,900, but the location and finished basement add value.

About 37 Lorne Avenue, Grimsby — Property Score

Prime Location Well Priced

Score: 68/100

Value

Priced 32.2% below area median of $1,069,900 based on 21 comparable properties nearby 100

$290/sqft - 35% below the $446/sqft area median 100

Stable pricing - no price changes since original listing date 50

Size

2,500 sqft - 28% more space than similarly priced homes (1,956 sqft median) 82

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - 1 fewer than similarly priced properties nearby 48

Location

$89K median household income - above the Canadian average of $70K 75

80% of residents hold postsecondary credentials - a highly educated neighbourhood 88

95% homeownership rate - indicating a stable, owner-occupied community 96

67% of residents commute under 30 minutes - excellent commuter accessibility 83

2,618/km² population density - a well-balanced suburban area 96

Market

Just listed - area average is 32 days on market 100

-44.6% median price change over 1 month - declining prices in the area 1

24.3 months of housing supply - 97 active listings with 4 sold last month (buyer's market) 40

Features

4-car garage - area average is 6.2 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

Built in 1966 (60 years old) - established home with character, older than the area average (1981) 45

No premium extras like pool, waterfront, or view 50

Investment

0.66% effective tax rate ($4,779/yr) - below the Canadian average of ~1% 80

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

33 photos provided - below the area average of 40 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.