38 Lakeside Drive, Grimsby, ON

$1,749,000
MLS#:X11916400
5 beds
2 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on March 21, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of 540 - Grimsby Beach. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,749,000 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.

  • 5 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 58 x 170 ft lot
  • Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Carpet Free, Central Vacuum, In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to your very own lakeside retreat a personal resort in the beautiful town of Grimsby! This stunning raised ranch-style home features a custom-built (2014) 600 sq. ft. all-season sunroom, a beautiful addition to the home with panoramic lake views, a wet bar, a gas fireplace, and a climate-controlled Arctic swim spa for year-round relaxation. With 5 bedrooms (3 on the main level, including an optional bedroom/living room with sliding doors leading to a composite deck with a glass enclosure, providing uninterrupted views of the lake, and 2 in the fully finished walk-up basement), there's plenty of space for comfort and privacy. The chef's delight kitchen features Cherrywood cabinetry with a pull-out pantry, upgraded stainless steel appliances including a self-clean gas range with double ovens, and granite countertops with a breakfast bar. The adjoining dining area is perfect for entertaining, with Cherrywood display cupboards and a spacious layout. This home is packed with modern upgrades, including pot lighting throughout the main living areas, crown molding, and a luxurious full bath with heated marble flooring and a jacuzzi tub. The lower level offers great in-law suite potential with a family/Great room, 4th bedroom, full bath, and an office/5th bedroom with walkout access to the backyard ideal for a future kitchen setup. Additional features include a central vacuum system, a high-efficiency furnace, and a security system with wireless cameras. The backyard oasis is a dream for outdoor lovers, featuring a two-level Flex Stone patio, a concrete lakefront sitting area, an outdoor fire pit, and partial lake access for endless fun. With Lake Ontario Riparian rights, you even have the potential to add a deck for direct lake access. Be sure to check out the attached upgrade list for all the details that make this home a must-see. Note: The swim spa (valued at $50,000) can either remain or be removed by the sellers.

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Property Summary

This detached home located at 38 Lakeside Drive, Grimsby is currently for sale and has been available on SousaSells for 555 days. This property is listed at $1,749,000 with an estimated mortgage of $5,822* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 38 Lakeside Drive, 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

Bedrooms
5
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 21, 2025
Sold price information is available to members only
Listed Date1/9/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick, Stucco (Plaster)
BasementFinished, Walk-Up
Lot Size58 × 170 Feet
CountyNiagara
Annual Tax$9,780.96
Legal DescriptionLT 1 TP PL 143 GRIMSBY; GRIMSBY

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Lake Access, Lake/Pond, Marina, Park, School, Waterfront

Interior Features

Carpet Free, Central Vacuum, In-Law Suite

Security Features

Community Features

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Location

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38 Lakeside Drive, 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 38 Lakeside Drive, Grimsby, ON L3M 2L2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$524,700 (30.0%)
* Minimum Canadian down payment required for this price is $349,800.
Amortization Period30 Years
Estimated Monthly Payment$5,822Based on a loan of $1,224,300 over 30 years.
Purchase Price$1,749,000
Loan Amount$1,224,300
Provincial Land Transfer Tax:$31,455
Total Estimated Closing Taxes:$31,455

About Purchasing a Home in Grimsby, ON

For a property listed at $1,749,000 in Grimsby, the legal minimum down payment is $349,800 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 $31,455 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 $31,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 540 - Grimsby Beach, Grimsby.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$762,292

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

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

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.