550 North Service Road, Unit 4, Grimsby, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 540 - Grimsby Beach. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $1,059,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1000-1199 sqft
- 2.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Bar Fridge, Carpet Free, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient heat pump heating via gas
Description
Luxurious Waterfront Penthouse with Panoramic Views! Experience upscale living in this exquisite waterfront penthouse boasting breathtaking views of the lake, sunsets, escarpment, and city skyline. This expansive open-concept suite spans over 1,100 sq. ft. of interior living space, complemented by approximately 900 sq. ft. of private terrace, perfect for entertaining. Featuring 2 bedrooms, 2 spa-inspired bathrooms, and 2 walkouts, this penthouse is thoughtfully designed for both comfort and style. Enjoy 11' ceilings, wall-to-wall and floor-to-ceiling windows with motorized blinds, flooding the space with natural light. The sun-filled living and dining area seamlessly connects to a chef-inspired kitchen with a grand waterfall center island and high-end appliances, leading to the expansive terrace. The primary bedroom offers stunning lake views, terrace access, and a spacious mirrored closet. The second bedroom showcases escarpment views, a large mirrored closet, and a Murphy bed (negotiable). Includes 2 side-by-side parking spaces and 2 lockers. Over $100K in upgrades throughout. Fabulous amenities include a concierge, rooftop patio, party room, gym, yoga studio, and ample visitor parking. Ideally located minutes from Grimsby on the Lakes dining, shopping, parks, trails, Costco, the QEW, and just 40 minutes from Niagara-on-the-Lake and local wineries. Don't miss this rare opportunity to own a premier penthouse in one of the areas most desirable waterfront communities!
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Property Summary
This condo apartment located at 550 North Service Road, Grimsby is currently for sale and has been available on SousaSells for 319 days. This property is listed at $1,059,000 with an estimated mortgage of $3,525* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 square feet. 550 North Service Road, Grimsby is in the 540 - Grimsby Beach neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Clear View, Lake/Pond, Park, Waterfront
Interior Features
Bar Fridge, Carpet Free, Primary Bedroom - Main Floor
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Community Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 550 North Service Road PH1504, Grimsby, ON L3M 0H9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Grimsby, ON
For a property listed at $1,059,000 in Grimsby, the legal minimum down payment is $211,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $17,655 for this transaction. As this listing is in Grimsby (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $17,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.