202 Main Street, Grimsby, ON

$949,900
MLS#:X9347507
5 beds
4 baths
7.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 31, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of 542 - Grimsby East. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $949,900 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.

  • 5 Bedrooms and 4 Bathrooms with 3 functional kitchens
  • Premium 79.58 x 150 ft lot size
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover this beautifully updated legal duplex, offering nearly 3,000 sq ft of living space in the heart of Benchland wine country. Perfect for both homeowners and investors, this property combines modern updates with a versatile layout.The main floor features a bright living area with a stylish shiplap electric fireplace, leading into the dining room and galley kitchen. Three spacious bedrooms, two updated bathrooms, and main floor laundry provide ample space for family living or a home office.The newly renovated lower unit includes two bedrooms, two bathrooms, and a private entrance with a secluded patioideal for tenants or extended family. With potential rental income of around $2,500/month, its a smart investment.Updates from 2021 to 2023 include luxury vinyl flooring, new exterior doors, refreshed bathrooms, and a sleek kitchen counter. The oversized fully fenced backyard is a landscaped oasis with a fire pit area and towering maple trees for summer shade.Located between Lake Ontario and the Niagara Escarpment, this home is close to top schools, amenities, and major highways, making it just an hour from Toronto and near Niagara's top attractions. This home offers a lifestyle upgrade in one of the regions most sought-after areas.

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Property Summary

This detached home located at 202 Main Street, Grimsby is currently for sale and has been available on SousaSells for 675 days. This property is listed at $949,900 with an estimated mortgage of $3,162* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 202 Main Street, Grimsby is in the 542 - Grimsby East neighborhood.

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

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
3
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 31, 2024
Sold price information is available to members only
Listed Date9/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungaloft
ConstructionBrick Front, Vinyl Siding
BasementFinished with Walk-Out
Lot Size79.58 × 150 Feet
CountyNiagara
Annual Tax$5,248
Legal DescriptionPT LT 4 CON 2 NORTH GRIMSBY AS IN RO201129; GRIMSBY

Parking & Garage

Parking Total7.0
Parking Space6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

In-Law Suite

Security Features

Community Features

Location

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202 Main Street, 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 202 Main Street E, Grimsby, ON L3M 1P6

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$284,970 (30.0%)
* Minimum Canadian down payment required for this price is $69,990.
Amortization Period30 Years
Estimated Monthly Payment$3,162Based on a loan of $664,930 over 30 years.
Purchase Price$949,900
Loan Amount$664,930
Provincial Land Transfer Tax:$15,473
Total Estimated Closing Taxes:$15,473

About Purchasing a Home in Grimsby, ON

For a property listed at $949,900 in Grimsby, the legal minimum down payment is $69,990 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 $15,473 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 $15,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 542 - Grimsby East, Grimsby.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,066,567

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

Park Public
Public217 Main Street East, Grimsby Beach, Grimsby, Ontario, L3M 1P5
9.8
Grand Avenue
Public14 Grand Avenue, Grimsby Beach, Grimsby, Ontario, L3M 2R7
7.9
Nelles
PublicGrimsby, Ontario, L3M 1H3
9.4
Lakeview
Public33 Olive Street, Grimsby, Ontario, L3M 2B9
7.3
Central
Public5 Boulton Avenue, Grimsby, Ontario, L3M 1H6
8.1

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.