381 Kerman Ave is a 3-bedroom, 2-bathroom detached home in Grimsby, listed for $824,900. It has 2000-2500 sq ft of living space.
1Some homes are about what they are today.
2Welcome to 381 Kerman Avenue, a spacious executive home in an established Grimsby neighbourhood, just a short walk from Lake Ontario, close to two elementary schools and conveniently located near highway access.
3The large eat-in kitchen provides plenty of room to reimagine the heart of the home and features a walkout to the backyard deck.
Some homes are about what they are today. Others are about what they could become. Welcome to 381 Kerman Avenue, a spacious executive home in an established Grimsby neighbourhood, just a short walk from Lake Ontario, close to two elementary schools and conveniently located near highway access. Construction began in 1988, and the original owners moved in in 1989, raising their family here and carefully maintaining the home for more than 35 years. While the finishes reflect the era in which it was built, the size, layout and potential are difficult to replicate in today's market. the moment you step inside, the generous proportions are evident. A large foyer with curved staircase opens to spacious living and dining rooms, offering a traditional layout that could easily evolve with today's lifestyle, including the option for a home office or additional sitting area. The large eat-in kitchen provides plenty of room to reimagine the heart of the home and features a walkout to the backyard deck. Just beyond is the sunken family room with a wood-burning fireplace, creating a warm and inviting gathering space.Upstairs are three generously sized bedrooms, including an impressive primary suite with a walk-in closet, large ensuite and private balcony. There is also builder-designed space above the garage offering future potential for a fourth bedroom, office, studio or additional living space. The full unfinished basement, complete with a bathroom rough-in, provides even more opportunity to create exactly what your family needs.Set on a premium corner lot with nearly 80 feet of frontage, with an attached double garage and mature landscaping, this is a home with the space and foundation to become something truly special. For buyers who can see beyond cosmetic updates, 381 Kerman Avenue offers the opportunity to modernize a substantial, well-cared-for family home in a desirable Grimsby location and create a property that would be incredibly difficult to reproduce today.
3 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $412 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 381 Kerman Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
381 Kerman Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,052
/mo
based on the purchase price of $824,900
$164,980 cash
$659,920 financed
$555,826 total interest
Principal54%$659,920
Interest46%$555,826
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Grimsby
Other 2–4 bed homes for sale in Grimsby around $825K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings189Homes for sale here right now.
Median vs prior 90 days+3.6%Compared with May 7 – Aug 5, 2026: prices up.
Based on 170 sales from Aug 5 – Nov 3, 2026 (112 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 381 Kerman Ave
How much is 381 Kerman Ave listed for?
381 Kerman Ave is listed at $824,900 (MLS® X13779756). Summitly updates the price as soon as the MLS® record changes.
Is $824,900 a good price for 381 Kerman Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Grimsby. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 381 Kerman Ave changed?
Yes — it was first listed at $869,900 and is now $824,900, a drop of $45,000 (5.2%).
How many bedrooms and bathrooms does 381 Kerman Ave have?
381 Kerman Ave has 3 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Grimsby.
How much would the monthly mortgage be on 381 Kerman Ave?
About $4,052 a month — principal and interest on $824,900 with 20% down ($164,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 381 Kerman Ave compare with other homes in Grimsby?
Its asking price of $824,900 is about 14% above the median sold price in Grimsby over the last 90 days, $722,250, across 170 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 381 Kerman Ave been sold before?
Summitly has no earlier MLS® sale or lease of 381 Kerman Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 381 Kerman Ave?
381 Kerman Ave is in Grimsby, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 381 Kerman Ave been on the market?
50 days — 381 Kerman Ave was listed on September 14, 2026.
What is the price per square foot of 381 Kerman Ave?
About $330 to $412 per square foot: the asking price of $824,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 381 Kerman Ave have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 381 Kerman Ave have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
