560 North Service Road, Unit 5, Grimsby, ON

$399,888
MLS#:X12027277
1 beds
2 baths
700-799 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on June 4, 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 stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $399,888 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 2 Bathrooms
  • Generous living space spanning 700-799 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Location, location, location! Discover the perfect blend of comfort and natural beauty in this spacious 1-bedroom plus den condo in the breathtaking waterfront community of Grimsby-on-the-Lake. Revel in unobstructed views of Lake Ontario and the iconic Toronto skyline from your large balcony. This inviting residence offers a serene retreat with stunning lake vistas, while providing convenient access to the QEW and the upcoming GO Train Station. Embrace the surrounding parks, waterfront, and vibrant local dining and shopping options. Your dream home with magnificent lake views awaits you.

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Property Summary

This condo apartment located at 560 North Service Road, Grimsby is currently for sale and has been available on SousaSells for 486 days. This property is listed at $399,888 with an estimated mortgage of $1,331* per month. It has 1 bed, 2 bathrooms, and is 700-799 square feet. 560 North Service Road, 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
2
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJune 4, 2025
Sold price information is available to members only
Listed Date3/18/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionStone, Stucco (Plaster)
BasementNone
CountyNiagara
Annual Tax$4,348.32

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Clear View, Lake/Pond, Marina, School

Interior Features

Carpet Free, None

Security Features

Community Features

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Location

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560 North Service Road, Unit 5, 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 560 North Service Road 405, Grimsby, ON L3M 0G1

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$119,966 (30.0%)
* Minimum Canadian down payment required for this price is $19,994.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,922 over 30 years.
Purchase Price$399,888
Loan Amount$279,922
Provincial Land Transfer Tax:$4,473
Total Estimated Closing Taxes:$4,473

About Purchasing a Home in Grimsby, ON

For a property listed at $399,888 in Grimsby, the legal minimum down payment is $19,994 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 $4,473 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 $4,473.

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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.