228 Ridge Road, Grimsby, ON

$929,000
MLS#:X9051054
3 beds
1 baths
1100-1500 sqft
7.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 10, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Sidesplit 3 detached located in the coveted neighborhood of 055 - Grimsby Escarpment. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $929,000 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.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning 1100-1500 sqft on a premium 88 x 200 ft lot
  • Features a finished 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: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover serenity at 228 Ridge Road East, Grimsby - your new home awaits. This impeccably maintained 3-bedroom side split sits on just under half an acre of spacious land. The front yard is bursting with life, framed by majestic, tall Norway spruces, and perennial garden beds, lush with season-long floral vibrancy. The rear yard offers a peaceful retreat after a productive day of work and ample space for children to play. The property is surrounded by well-kept green space, which gives way to views of frolicking horses to the south, and an abundance of wildlife, including deer and various bird species finding refuge in the expansive trees. The "chick inn" coop is ready for you to gather farm-fresh eggs every morning. Inside, enjoy nearly 1,800 ft of finished, updated space. Brand new electrical panel (2024), furnace & central air (2022), bedroom level broadloom (2022), maple hardwood flooring (2021), all fresh paint throughout (2020-2024), and the 40-yr roof, soffit, eaves and trough all only 10 years old. The garage is a great place to catch up with friends, or work on a fun project, with a wood stove, TV, workbench and shelving. With a drilled well ensuring a steady water supply, natural gas for efficient heating, and high-speed fibre optic internet for seamless remote work, this property blends rural living with urban conveniences. Don't miss out - schedule your visit today!

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Property Summary

This detached home located at 228 Ridge Road, Grimsby is currently for sale and has been available on SousaSells for 726 days. This property is listed at $929,000 with an estimated mortgage of $3,092* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 228 Ridge Road, Grimsby is in the 055 - Grimsby Escarpment neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 10, 2024
Sold price information is available to members only
Listed Date7/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleSidesplit 3
ConstructionBrick, Wood
BasementFinished
Lot Size88 × 200 Feet
CountyNiagara
Annual Tax$4,054.22
Legal DescriptionPT LT 4 CON 3 NORTH GRIMSBY AS IN RO586459; GRIMSBY

Parking & Garage

Parking Total7.0
Parking Space6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Greenbelt/Conservation, Hospital, Place Of Worship, Level, Wooded/Treed

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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228 Ridge Road, 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 228 Ridge Road E, Grimsby, ON L3M 4E7

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$278,700 (30.0%)
* Minimum Canadian down payment required for this price is $67,900.
Amortization Period30 Years
Estimated Monthly Payment$3,092Based on a loan of $650,300 over 30 years.
Purchase Price$929,000
Loan Amount$650,300
Provincial Land Transfer Tax:$15,055
Total Estimated Closing Taxes:$15,055

About Purchasing a Home in Grimsby, ON

For a property listed at $929,000 in Grimsby, the legal minimum down payment is $67,900 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 $15,055 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 $15,055.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 055 - Grimsby Escarpment, Grimsby.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,727,266

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

Nelles
PublicGrimsby, Ontario, L3M 1H3
9.4
Central
Public5 Boulton Avenue, Grimsby, Ontario, L3M 1H6
8.1
Park Public
Public217 Main Street East, Grimsby Beach, Grimsby, Ontario, L3M 1P5
9.8
Lakeview
Public33 Olive Street, Grimsby, Ontario, L3M 2B9
7.3
Our Lady of Fatima
Public69 Olive Street, Grimsby, Ontario, L3M 2C3
7.2

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.