40 DRIFTWOOD Court, Grimsby, ON

$1,399,800
MLS#:X8468040
5 beds
5 baths
2500-3000 sqft
8.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 18, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 542 - Grimsby East. Expertly crafted featuring premium board & batten and brick construction, this residence presents an exceptional opportunity offered at $1,399,800 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.

  • 5 Bedrooms and 5 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2500-3000 sqft on a premium 54 x 117.29 ft lot
  • Features a partial basement, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 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

Magnificently updated home since 2018. This 5 bedroom, 5 bath home is located on tree-lined street on pool-sized property in most sought-after in-town court. Offering gracious living on nearly 3800sqft of beautifully finished space. Unique open concept design. Great room with 9ft ceilings and engineered hardwood floors, open to grand, gourmet kitchen 274 x 145 with 11ft vaulted ceiling, skylights, expansive island with 2 dishwashers, quartz counter tops and stainless-steel appliances. Primary bedroom suite with walk-in closet and 4 PC ensuite bath. Extraordinary in-law apartment with separate entrance features: high vaulted-ceiling, kitchen with appliances and quartz counters, washer, dryer, separate HVAC, large windows and private balcony to take in the stunning escarpment views. Open staircase to lower-level family room with over-sized windows, wood burning fireplace and additional 3 PC bath. Fully-finished basement level makes a great space for childrens play area and home gym, large storage space. OTHER FEATURES INCLUDE: wide-plank 3/4 engineered hardwood floors, carpet free home throughout, custom HELT tilt windows, HELT interior doors, sprinkler system, new c/air 2021, new roof shingles 2019, water heater is owned, natural gas BBQ hook-up, large garden shed with hydro, long concrete double drive accommodates 6 vehicles. Pride of ownership is evident throughout to satisfy even the most discriminating buyer!

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Property Summary

This detached home located at 40 DRIFTWOOD Court, Grimsby is currently for sale and has been available on SousaSells for 757 days. This property is listed at $1,399,800 with an estimated mortgage of $4,659* per month. It has 5 beds, 5 bathrooms, and is 2500-3000 square feet. 40 DRIFTWOOD Court, 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
5
Kitchens
2
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 18, 2024
Sold price information is available to members only
Listed Date6/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBoard & Batten , Brick
BasementPartial Basement, Finished
Lot Size54 × 117.29 Feet
CountyNiagara
Annual Tax$7,909
Legal DescriptionPCL 28-1 SEC 30M119; LT 28 PL 30M119 ; S/T LT49971 GRIMSBY

Parking & Garage

Parking Total8.0
Parking Space6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, Cul de Sac/Dead End, Hospital, Level

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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40 DRIFTWOOD Court, 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 40 DRIFTWOOD Court, Grimsby, ON L3M 4Y1

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$419,940 (30.0%)
* Minimum Canadian down payment required for this price is $279,960.
Amortization Period30 Years
Estimated Monthly Payment$4,659Based on a loan of $979,860 over 30 years.
Purchase Price$1,399,800
Loan Amount$979,860
Provincial Land Transfer Tax:$24,471
Total Estimated Closing Taxes:$24,471

About Purchasing a Home in Grimsby, ON

For a property listed at $1,399,800 in Grimsby, the legal minimum down payment is $279,960 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 $24,471 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 $24,471.

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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.