LiveMLS 40854161Buy & hold

591 MAIN Street W · Triplex

Grimsby, ON · Triplex · 3 units

$5,500,000listed

Workable offer

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

591 MAIN Street W is a 3-unit triplex in Grimsby, ON, asking $5,500,000 — $1,833,333 per door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Asking price: $5,500,000
Units: 3 units
Property type: Triplex
Location: Grimsby, ON
Price per door: $1,833,333

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.