242 Mountain Rd
Grimsby, L3M 4E7
FOR SALE
$1,449,900
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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS6 + 3
ROOMSX11983752
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Property Description
This beautifully 5 bedroom bungalow sits on a 1.365-acre lot in desirable Upper Grimsby, offering over 2,500 sq. ft. of living space. Inside, the main floor boasts an open-concept design with a modern kitchen that was fully renovated three years ago. It features newer stainless steel GE appliances, quartz countertops, white shaker-style cabinetry, a subway tile backsplash, a full-wall pantry, and a 4' x 8' island with a second sink. The kitchen seamlessly flows into the dining and living areas, which showcase rich engineered hardwood floors and a patio door walkout to the backyard. This level also includes three spacious bedrooms, a 5-piece bathroom and a rough-in for a stackable washer and dryer. . The fully finished lower level offers a separate entrance, making it perfect for an in-law suite. It includes an open-concept family room with a cozy gas fireplace set in a beautiful stone surround, a dinette/kitchen with quartz countertops, a Frigidaire fridge, a Maytag dishwasher, an Electrolux electric washer and dryer, and durable vinyl flooring. The basement also features two additional bedrooms, a 3-piece bathroom, a cold cellar, and abundant storage space. This home has updated electrical (100-amp breaker)& plumbing, along with a new oak staircase with black metal spindles and custom closets for optimal storage. Additional features include central air conditioning, a forced air furnace (owned), and a rental hot water tank. The property is serviced by a septic system and a 5,300-gallon cistern. The property features a single-car garage and an oversized driveway that accommodates 10+ vehicles, plus a detached 19'x52' workshop/garage at the rear, complete with hydro, a 9-foot-wide roll-up door, and a 6-foot-wide side entranceideal for hobbyists or business owners. Located just minutes from downtown Grimsby with easy access to the QEW, this home blends modern upgrades with rural charm in a prime location and exquisite sunsets.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-04-01 | 2021-04-08 | 9 | $999,000 | $1,050,000 | Sold |
| 2020-08-28 | 2020-08-31 | 3 | $539,999 | $660,000 | Sold |
Property Features
Golf, Grnbelt/Conserv, Level
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Property Details
Street
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
159' x 683'
Acreage
.50-1.99
Lot Irregularities
Reverse Pie
Fronting
West
Taxes
$4,962 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Other
Parking Spaces
10
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.07' x 16.08' | Hardwood Floor |
| Dining | Main | 9.74' x 16.08' | Hardwood Floor |
| Kitchen | Main | 11.15' x 19.69' | Hardwood Floor |
| 2nd Br | Main | 11.48' x 12.14' | |
| Prim Bdrm | Main | 11.32' x 12.34' | Hardwood Floor |
| 3rd Br | Main | 8.07' x 13.12' | Hardwood Floor |
| Family | Bsmt | 19.69' x 16.50' | |
| Laundry | Bsmt | 8.53' x 3.28' | |
| Br | Bsmt | 8.17' x 18.24' | |
| Br | Bsmt | 10.50' x 14.76' | |
| Kitchen | Bsmt | 12.01' x 16.99' | |
| Bathroom | Bsmt | 6.66' x 12.60' |
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Grimsby Market Statistics
Grimsby Price Trend
242 Mountain Rd is a 3-bedroom 2-bathroom home listed for sale at $1,449,900, which is $582,472 (67.1%) higher than the average sold price of $867,428 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Grimsby declined by $166,143 (16.1%) compared to the previous 30 day period (December 22 - January 20) and down $32,572 (3.6%) from the same time one year ago.Inventory Change
There were 25 3-bedroom homes listed in Grimsby over the last 30 days (January 21 - February 19), which is up 127.3% compared with the previous 30 day period (December 22 - January 20) and up 78.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Grimsby typically sold ($1,714) (0.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $23,054 increase compared to the previous 30 day period (December 22 - January 20) and ($2,400) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Grimsby over the last 30 days (January 21 - February 19) stood at 28.0%, down from 63.6% over the previous 30 days (December 22 - January 20) and down from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Grimsby stood at 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 84 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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