40 Esplanade Lane, Unit 20, Grimsby, ON

$399,999
MLS#:X10274389
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on November 6, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 540 - Grimsby Beach. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $399,999 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free, Storage Area Lockers
  • equipped with central air central cooling and highly efficient forced air heating via other

Description

Stunning Lakeside Condo in Grimsby-on-the-Lake! Discover the ultimate lakeside living experience in this top-floor condo, offering breathtaking views of Lake Ontario, the Niagara Escarpment and a serene courtyard. This beautifully updated 1-bedroom, 1-bathroom unit features a versatile den, perfect for a home office or guest space. Freshly painted and finished with modern upgrades, including sleek flooring and soaring ceilings, this condo feels both spacious and inviting. Step out onto your private balcony, where you can soak up the sun or relax in the shade under a charming pergola. Enjoy the convenience of fantastic building amenities, including a well-equipped workout room, an elegant party room, and ample space for entertaining guests. With 1 underground parking spot and an additional storage locker, this condo has everything you need for comfortable, low-maintenance living. Don't miss out on the chance to make this lakeside retreat your new home.

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Property Summary

This condo apartment located at 40 Esplanade Lane, Grimsby is currently for sale and has been available on SousaSells for 624 days. This property is listed at $399,999 with an estimated mortgage of $1,331* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 40 Esplanade Lane, 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
1
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 6, 2024
Sold price information is available to members only
Listed Date11/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick, Aluminum Siding
BasementNone
CountyNiagara
Annual Tax$2,511.54

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceOther
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Lake/Pond, Marina, Park, Rec./Commun.Centre, Waterfront

Interior Features

Auto Garage Door Remote, Carpet Free, Storage Area Lockers

Security Features

Community Features

Virtual Tours

Location

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40 Esplanade Lane, Unit 20, 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 Esplanade Lane 601, Grimsby, ON L3M 0G9

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$120,000 (30.0%)
* Minimum Canadian down payment required for this price is $20,000.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,999 over 30 years.
Purchase Price$399,999
Loan Amount$279,999
Provincial Land Transfer Tax:$4,475
Total Estimated Closing Taxes:$4,475

About Purchasing a Home in Grimsby, ON

For a property listed at $399,999 in Grimsby, the legal minimum down payment is $20,000 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 $4,475 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 $4,475.

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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.