331 Russ Rd
055 - Grimsby Escarpment, Grimsby, L3M 4E7
FOR SALE
$3,000,000
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4
BEDROOMS3
BATHROOMS1
KITCHENS8 + 1
ROOMSX10432959
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Property Description
RUSTIC LUXURY & SUSTAINABLE LIVING...52-acre AWARD-WINNING, ECO-FRIENDLY hobby farm combines rural charm w/modern sustainability. An extraordinary property at 331 Russ Rd in Grimsby offers lush cash crop farmland & serene, forested trails-an ideal blend of agricultural opportunity & natural tranquility. The property boasts a 10,000+ SF EQUESTRIAN ARENA, complete w/Lexan windows, stalls & tack room. This VERSATILE SPACE/ARENA provides endless possibilities. A recipient of the 2008 GREEN HOME AWARD, the home exemplifies SUSTAINABLE LIVING, featuring cutting-edge GEOTHERMAL heating, soy-based spray insulation, south-facing orientation designed for passive solar heating, Italian ceramic tiles, bamboo flooring & abundant natural light! Energy efficiency is maximized w/Hunter Douglas blinds, powered windows for cross-ventilation & long-lasting LED lighting. Lots of windows to enjoy property views + a 25 double-sided Ozark stone FP w/B-I PIZZA OVEN creating a cozy focal point. O/C gourmet kitchen featuring a large island - perfect for entertaining, abundant wood cabinetry, Artisan tile backsplash + W/I pantry & opening to dining area. Primary bedRm suite offers W/I closet, doors to private yard & 4-pc luxury ensuite. A BONUS room (office or bedRm) w/WALK-OUT to yard, laundry room, 2-pc bath & mud room completes main level. UPPER LEVEL includes spacious bedRms, a 4-pc bath & livRm w/WALK OUT to UPPER DECK w/powered awning. LOWER LEVEL offers space for home gym/hobby room. Inviting OUTDOOR LIVING ~ 20'x40' INGROUND POOL surrounded by English cobblestones & complemented by stylish gazebo. BONUS 30x30 2-car garage, durable metal roof & sustainable cedar siding, reflecting thoughtful design! OTHER FEATURES: hydrogen peroxide water treatment system, solar-assisted hot water & a wind turbine for backup power. Potential farm tax benefits. Local amenities, nearby, wineries & major routes. COUNTRY CHARM, MINUTES TO TOWN. CLICK on MULTIMEDIA for virtual tour, drone photos & more!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-08 | 2024-10-18 | 72 | $3,499,000 | - | Expired |
| 2024-07-10 | 2024-08-07 | 28 | $3,499,000 | - | Terminated |
| 2024-04-24 | 2024-07-10 | 77 | $3,499,000 | - | Terminated |
Property Features
Hospital, Place Of Worship, Rec Centre, School, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
3,200' x 705'
Acreage
50-99.99
Lot Irregularities
52.83 acres
Fronting
East
Taxes
$8,841 (2024)
Basement
Finished, Part Bsmt
Exterior
Wood
Heat Type
Forced Air
Heat Source
Other
Air Conditioning
Central Air
Water
Well
Pool
Inground
Parking Spaces
10
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 17.32' x 21.42' | 2 Way Fireplace |
| Kitchen | Main | 15.49' x 16.67' | |
| Dining | Main | 19.32' x 11.58' | |
| Prim Bdrm | Main | 13.75' x 18.01' | W/I Closet, 4 Pc Ensuite, W/O To Patio |
| Br | Main | 18.57' x 17.26' | W/O To Patio |
| Living | 2nd | 26.25' x 14.99' | W/O To Balcony |
| Br | 2nd | 11.68' x 13.09' | |
| Br | 2nd | 11.75' x 13.75' | |
| Laundry | Main | 6.43' x 10.99' | |
| Rec | Bsmt | 16.77' x 18.50' |
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Grimsby Market Statistics
Grimsby Price Trend
331 Russ Rd is a 4-bedroom 3-bathroom home listed for sale at $3,000,000, which is $1,951,250 (186.1%) higher than the average sold price of $1,048,750 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Grimsby declined by $601,250 (36.4%) compared to the previous 30 day period (December 22 - January 20) and down $48,750 (4.4%) from the same time one year ago.Inventory Change
There were 8 4-bedroom homes listed in Grimsby over the last 30 days (January 21 - February 19), which is up 300.0% compared with the previous 30 day period (December 22 - January 20) and down 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Grimsby typically sold ($26,225) (2.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $23,575 increase compared to the previous 30 day period (December 22 - January 20) and ($20,444) less 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 4-bedroom homes in Grimsby over the last 30 days (January 21 - February 19) stood at 50.0%, down from 50.0% over the previous 30 days (December 22 - January 20) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Grimsby stood at 54 days when successfully sold over the last 30 days (January 21 - February 19), compared to 107 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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