Renovated Bungalow Near Downtown Grimsby

Property details for 6 Lincoln Avenue, Grimsby

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 1
Living Area: 988 square feet
Stories: 1
Basement: Unfinished, Crawl space
Heating: Forced air
Cooling: Central air conditioning
Exterior: Stucco
Ownership: Freehold
Annual Taxes: $3,896

Full reno wrapped in a tidy bungalow. 988 sq ft on a 46-foot frontage. Two bedrooms up top, one bath with a glass shower. Hardwood runs through the living room and kitchen, which has stainless steel appliances and solid countertops. Gas fireplace for chilly nights. Laundry room off the kitchen. Fenced yard with a deck and patio area. Walking distance to downtown Grimsby, the library, and the Peach King Centre. QEW a few minutes away for commuters. Listed at $559,900 with taxes around $3,900. There's potential in the unfinished basement or crawl space if you need more room. More of a rental than a flip given the market, but the location's solid.

About 6 Lincoln Avenue, Grimsby — Property Score

Strong Investment

Score: 65/100

Value

$567/sqft - 18.8% below the $698/sqft area median 98

Stable pricing - no price changes since original listing date 50

Size

988 sqft - 38% less space than similarly priced homes (1,583 sqft median) 30

2 bedrooms - typical for similarly priced homes 60

1 bathroom - typical for similarly priced properties 60

Location

$41K median household income - below the Canadian average of $70K 51

73% of residents hold postsecondary credentials - a highly educated neighbourhood 82

26% homeownership rate - a renter-majority neighbourhood 48

67% of residents commute under 30 minutes - excellent commuter accessibility 84

1,349/km² population density - a well-balanced suburban area 83

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

2-car parking - area average is 6.2 spots 80

Unfinished, Crawl space basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

Built in 1963 (63 years old) - established home with character, older than the area average (1982) 35

No premium extras like pool, waterfront, or view 50

Investment

0.7% effective tax rate ($3,896/yr) - below the Canadian average of ~1% 79

74% renter population - strong rental demand in this area 100

Quality

Condition

Listing

45 photos provided - 13% more than 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.