5 NIAGARA Street, Unit 201, Grimsby, ON
Property no longer active
This property was sold on November 24, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other condo apartment located in the coveted neighborhood of 541 - Grimsby West. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $485,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 1000-1199 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Water Heater Owned, Water Heater
- equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric
Description
Once in a lifetime opportunity. Rarely available massive corner condo unit for sale in the centre of Grimsby. This unit is over 1195 square feet, making it perfect for family gatherings, large get-togethers, or any occasion. This condo has an open-concept design with limitless potential. Walk into a spatious family room and dining room, connected to a third bonus room with a private balcony for relaxation. A large primary bedroom with beautiful bay windows and a walk-in-closet with ample storage. A 4 piece bathroom, guest bedroom, and laundry room are conveniently located inside the home. Kitchen includes all appliances as well, this home is move-in ready! Situated 3 minutes from the QEW and 2 minutes from grocery stores, the geographical location is perfect. Public schools, churches, dentists, pharmacies, home improvement stores, gas stations, and shopping centres are all within walking distance. Low condo fee includes water, maintenance of yard, snow removal, and roof! This is an all electric unit meaning no expensive gas bills in the winter and the building is very well insulated. This home is nestled in between Lake Ontario and the escarpment, surrounded by trees. Peace and tranquility awaits!
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Property Summary
This condo apartment located at 5 NIAGARA Street, Grimsby is currently for sale and has been available on SousaSells for 396 days. This property is listed at $485,000 with an estimated mortgage of $1,614* per month. It has 2 beds, 1 bathroom, and is 1000-1199 square feet. 5 NIAGARA Street, Grimsby is in the 541 - Grimsby West neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 NIAGARA Street 201, Grimsby, ON L3M 5A3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Grimsby, ON
For a property listed at $485,000 in Grimsby, the legal minimum down payment is $24,250 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 $6,175 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 $6,175.
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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.