40 Esplanade Lane, Unit 217, Grimsby, ON

$1,149,900
MLS#:X12025848
2 beds
2 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on May 20, 2025. 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 construction, this residence presents an exceptional opportunity offered at $1,149,900 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

WELCOME TO GRIMSBY-ON-THE-LAKE AND WELCOME TO THE LAKEHOUSES. FOR THOSE SEEKING A LAID BACK RESORT-TYPE LIFESTYLE WITH A BOUTIQUE SET UP - YOU HAVE FOUND THE PLACE! THE LAKEHOUSES ARE LOCATED RIGHT ON LAKE ONTARIO WITH GORGEOUS VIEWS OF TORONTO. THERE IS A BEACH LOCATED ON EACH SIDE OF THE BUILDINGS THAT ARE COVED AND PROVIDE A SAFE AND COMFORTABLE AREA FOR SWIMMING AND SUMMER FUN. THERE IS ALSO A WELL LIT PROMENADE WITH COMFORTABLE SEATING TO REST AND TAKE IN THE VIEWS. THERE IS LAKESIDE DINING AT LANG'S RESTAURANT WHERE THEY ARE ALWAYS COOKING UP SOMETHING FRESH. INDOOR AND PATIO DINING AVAILABLE. UNIT 217 BOASTS DIRECT AND UNOBSTRUCTED LAKE VIEWS FROM THE LARGER BALCONY WHICH IS SHADED AND BOTH GARDEN AND LAKE VIEWS FROM THE SIDE BALCONY WHICH OFFERS A FULL SUN ALTERNATIVE IN THE AFTERNOONS. THIS BALCONY IS PERFECT FOR SUN LOVERS - HERB GARDENS - AND THOSE THAT LIKE TO CONTAINER GARDEN. BOTH BALCONIES ARE INDEPENDENT AND NOT SHARED. THE LAKEVIEW BALCONY IS FULLY PRIVATE AND CAN HOST A LARGE SET UP OF PATIO FURNITURE. THE PURCHASE OF 217 INCLUDES 2 FULL PARKING SPOTS IN THE UNDERGROUND AND SECURED LOCKER SPACE FOR STORAGE. BUYERS WILL APPRECIATE THE UNIQUE FLOOR PLAN AND UNIT LAYOUT AS WELL AS THE ABUNDANCE OF NATURAL LIGHT. FULL PRIVACY AND THE GREAT OPEN FEEL FOR COOKING AND ENTERTAINING. BOTH BEDROOMS ARE LARGE. THE PRIMARY BEDROOM FEATURES A FULL WALK-IN CLOSET WITH A CUSTOMIZED CLOSET SYSTEM - ENSUITE BATHROOM WITH GLASS SHOWER - TWO SINKS AND AN ABUNDANCE OF STORAGE SPACE. THE 2ND BATHROOM FEATURES A FULL BATHTUB DEEP ENOUGH FOR RELAXING BATHS. ALL APPLIANCES ARE UPGRADED AND IN EXCELLENT CONDITION. THIS COULD BE THE ONE!... 24 HOUR GYM / HEATED OUTDOOR POOL / BEAUTIFUL GARDENS / WALK TO RESTAURANTS / EASY HIGHWAY AND SHOPPING ACCESS. THIS LIST IS LONG.

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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 487 days. This property is listed at $1,149,900 with an estimated mortgage of $3,828* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 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
2
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateMay 20, 2025
Sold price information is available to members only
Listed Date3/18/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyNiagara
Annual Tax$4,703

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater

Security Features

Smoke Detector, Security System, Monitored, Alarm System

Community Features

Location

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40 Esplanade Lane, Unit 217, 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 217, 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.

Market Trend
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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$344,970 (30.0%)
* Minimum Canadian down payment required for this price is $229,980.
Amortization Period30 Years
Estimated Monthly Payment$3,828Based on a loan of $804,930 over 30 years.
Purchase Price$1,149,900
Loan Amount$804,930
Provincial Land Transfer Tax:$19,473
Total Estimated Closing Taxes:$19,473

About Purchasing a Home in Grimsby, ON

For a property listed at $1,149,900 in Grimsby, the legal minimum down payment is $229,980 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 $19,473 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 $19,473.

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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.