550 North Service Road, Grimsby, ON

$849,900
MLS#:X12529616
2 beds
2 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of 540 - Grimsby Beach. Expertly crafted featuring premium concrete poured construction, this residence presents an exceptional opportunity offered at $849,900 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: None
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Experience luxury lakeside living in this stunning, fully renovated corner-unit condo featuring two bedrooms, two bathrooms, and 1,035 square feet of open-concept space. Floor-to-ceiling windows flood the home with natural light while framing sweeping views of the Niagara Escarpment, Lake Ontario, and even the Toronto skyline. Step outside onto the incredible 700 square foot wraparound terrace - perfect for entertaining, relaxing, or simply taking in the breathtaking scenery. The heart of the home is a brand-new kitchen featuring a massive quartz island with seating for six, high-end stainless steel appliances, and sleek finishes that elevate everyday living. Engineered hardwood flooring, smooth ceilings, smart lighting, and custom roller blinds run throughout, adding a touch of modern sophistication. The primary suite includes a walk-in closet and a beautifully renovated ensuite, while the second full bathroom has also been tastefully updated. Enjoy the convenience of full-sized in-suite laundry, two parking spaces, and a storage locker. Residents have access to exceptional building amenities, including a party room, lounge, billiards room, gym, and rooftop patio. Located just steps from the waterfront trail and Grimsby on the Lake's charming shops and restaurants, this condo offers the perfect blend of comfort, style, and location. With quick highway access and a short drive to Hamilton, Niagara Falls, and all major shopping and entertainment, this home truly has it all. RSA.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateMay 8, 2026
Sold price information is available to members only
Listed Date11/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionConcrete Poured
BasementNone
CountyNiagara
Annual Tax$5,147

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Beach, Greenbelt/Conservation

Interior Features

None

Security Features

Community Features

Location

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550 North Service Road, 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 550 North Service Road 1404, Grimsby, ON L3M 0H9

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 Rate5.25%
Down Payment$59,990 (7.1%)
* Minimum Canadian down payment required for this price is $59,990.
Amortization Period25 Years
Estimated Monthly Payment$4,707Based on a loan of $789,910 over 25 years.
Purchase Price$849,900
Loan Amount$789,910
Provincial Land Transfer Tax:$13,473
Total Estimated Closing Taxes:$13,473

About Purchasing a Home in Grimsby, ON

For a property listed at $849,900 in Grimsby, the legal minimum down payment is $59,990 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 $13,473 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 $13,473.

Nearby Listings

Distance:

No current listings found in Grimsby.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$962,821

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
Park Public
Public217 Main Street East, Grimsby Beach, Grimsby, Ontario, L3M 1P5
9.8

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.