53 Cedar Street, Grimsby, ON

$739,000
MLS#:X9242775
3 beds
3 baths
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 12, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of 541 - Grimsby West. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $739,000 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.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 19.7 x 89.75 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in a welcoming and high-demand neighbourhood with a view of the escarpment, this freehold townhouse epitomizes comfort and convenient living in a highly sought-after location. Just move right into this beautifully maintained home, which boasts three spacious bedrooms and three separate baths. A walkout from the main floor leads to a fully fenced backyard with a delightful maintenance free Trex deck, offering the perfect space for outdoor gatherings, relaxation, and enjoying the fresh air. The finished basement boasts an additional bath and is a versatile space, perfect for an entertainment room, gym or home office, allowing you to customize the home to suit your personal needs. Quick access to the QEW, Lake Ontario beaches, Costco, Shopping, excellent schools, trails, and parks.

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Property Summary

This townhouse located at 53 Cedar Street, Grimsby is currently for sale and has been available on SousaSells for 710 days. This property is listed at $739,000 with an estimated mortgage of $2,460* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 53 Cedar 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

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 12, 2024
Sold price information is available to members only
Listed Date8/7/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size19.7 × 89.75 Feet
CountyNiagara
Annual Tax$4,313.98
Legal DescriptionPT BLOCK 27, PLAN 30M392, PT 34 30R13615, TOWN OF GRIMSBY

Parking & Garage

Parking Total2.0
Parking Space1
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Park, Place Of Worship, Public Transit, School

Interior Features

None

Security Features

Community Features

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Location

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53 Cedar Street, 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 53 Cedar Street, Grimsby, ON L3M 3X8

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$221,700 (30.0%)
* Minimum Canadian down payment required for this price is $48,900.
Amortization Period30 Years
Estimated Monthly Payment$2,460Based on a loan of $517,300 over 30 years.
Purchase Price$739,000
Loan Amount$517,300
Provincial Land Transfer Tax:$11,255
Total Estimated Closing Taxes:$11,255

About Purchasing a Home in Grimsby, ON

For a property listed at $739,000 in Grimsby, the legal minimum down payment is $48,900 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 $11,255 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 $11,255.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 541 - Grimsby West, Grimsby.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$918,665

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

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

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.