111 MAGNOLIA Crescent, Grimsby, ON

$778,800
MLS#:X9304898
2 beds
2 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 2, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of 541 - Grimsby West. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $778,800 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 1500-2000 sqft on a premium 36.32 x 81.62 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

LUXURIOUS FREEHOLD END-UNIT TOWNHOME professionally finished and upgraded inside and out. Fabulous in-town location on large corner property with manicured grounds and fully-fenced yard. Only steps to park and conveniences. Gourmet kitchen with Corian countertops, kitchen appliances, and large windows to bring in the light. Main floor family room open to kitchen and dining area, hardwood floors & sliding doors to magnificent back yard. Upper-level loft with escarpment views, spacious master suite with ensuite privilege bath, upper-level laundry room. Open staircase to lower level leads to beautifully finished rec room and plenty of storage. OTHER FEATURES INCLUDE: New LG Air Fryer Range (2024), new dishwasher 2023, 2 baths, new hardwood floors in bedroom areas 2024, new Carrier heat pump and air conditioning 2023, new roof shingled 2016, new sidewalks and patio 2018, new Nordick windows 2023. Two-car garage and long double, paved driveway to accommodate 4 cars. Easy access for commuters. This home is perfect for the most discriminating buyer. Nothing left to do but enjoy!

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Property Summary

This townhouse located at 111 MAGNOLIA Crescent, Grimsby is currently for sale and has been available on SousaSells for 680 days. This property is listed at $778,800 with an estimated mortgage of $2,592* per month. It has 2 beds, 2 bathrooms, and is 1500-2000 square feet. 111 MAGNOLIA Crescent, Grimsby is in the 541 - Grimsby West neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 2, 2024
Sold price information is available to members only
Listed Date9/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick, Stone
BasementFull, Finished
Lot Size36.32 × 81.62 Feet
CountyNiagara
Annual Tax$4,664
Legal DescriptionPT BLK 20 PLAN 30M320, PT 7 30R10944; S/T EASE AS IN NR5244 TOWN OF GRIMSBY

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Park, Rec./Commun.Centre, School, Wooded/Treed

Interior Features

Auto Garage Door Remote

Security Features

Community Features

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Location

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111 MAGNOLIA Crescent, Grimsby, ON
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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 111 MAGNOLIA Crescent, Grimsby, ON L3M 5R5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Grimsby.

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Interest Rate4.00%
Down Payment$233,640 (30.0%)
* Minimum Canadian down payment required for this price is $52,880.
Amortization Period30 Years
Estimated Monthly Payment$2,592Based on a loan of $545,160 over 30 years.
Purchase Price$778,800
Loan Amount$545,160
Provincial Land Transfer Tax:$12,051
Total Estimated Closing Taxes:$12,051

About Purchasing a Home in Grimsby, ON

For a property listed at $778,800 in Grimsby, the legal minimum down payment is $52,880 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 $12,051 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 $12,051.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 541 - Grimsby West, Grimsby.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$918,665

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Central
Public5 Boulton Avenue, Grimsby, Ontario, L3M 1H6
8.1
Our Lady of Fatima
Public69 Olive Street, Grimsby, Ontario, L3M 2C3
7.2
Lakeview
Public33 Olive Street, Grimsby, Ontario, L3M 2B9
7.3
Nelles
PublicGrimsby, Ontario, L3M 1H3
9.4
Smith
Public18, Grimsby-on-the-Lake, Grimsby, Ontario
9.1

Secondary Schools

Blessed Trinity
Public145 Livingston Avenue, Grimsby-on-the-Lake, Grimsby, Ontario, L3M 5J6
7.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.