331 Russ Rd
Grimsby, L3M 4E7
FOR SALE
$3,875,000
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BEDROOMS3
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Property Description
Welcome to 331 Russ Road, the 2008 Green Home award winner, nestled in the heart of Grimsby. This sprawling 51-acre estate boasts high R-value enviro spray insulation, a geothermal system and a magnificent 25-foot Masonary double sided wood fireplace with a pizza oven, framed by authentic stone from the Ozarks. The residence features four bedrooms, including a main floor master suite. The home is adorned with wood ceramic tiles from Italy and compressed bamboo flooring, ideal for pets. The open concept kitchen is showcased by artisan tile work with a large centre island perfect for large gatherings. Equestrian enthusiasts will revel in the expansive 10,000 plus square foot indoor arena, complete with stalls and a tack room and adaptable for a multitude of purposes such as additional storage or running a business. The well-appointed outdoor paddocks provide ample space for your beloved equine companions. When you're looking to escape from the world, relax and unwind in your exquisitely landscaped private oasis featuring a 20 x 40 foot inground pool, where you can bask in the warmth of the sun or seek shelter in the stylish gazebo.
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Extras
Wind turbines power the back up battery. The Second floor balcony has had previous plans to make a fifth bedroom.
Property Features
School Bus Route, Wooded/Treed
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Acreage
50-99.99
Fronting
East
Taxes
$8,900 (2024)
Basement
Part Bsmt, Part Fin
Exterior
Wood
Heat Type
Forced Air
Heat Source
Grnd Srce
Air Conditioning
Central Air
Water
Well
Pool
Inground
Parking Spaces
10
Driveway
Front Yard
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Prim Bdrm | Main | 22.41' x 18.01' | 4 Pc Ensuite |
| Family | Main | 17.36' x 18.70' | |
| Laundry | Main | 11.06' x 6.50' | |
| Bathroom | Main | 5.61' x 5.84' | 2 Pc Bath |
| Kitchen | Main | 20.87' x 28.74' | |
| Living | Main | 25.33' x 19.62' | |
| Mudroom | Main | 21.72' x 12.70' | |
| Bathroom | 2nd | 9.32' x 10.99' | 4 Pc Bath |
| Br | 2nd | 13.22' x 11.71' | |
| Br | 2nd | 14.21' x 13.81' | |
| Family | 2nd | 26.64' x 15.12' | |
| Br | Main | 18.73' x 17.32' |
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Grimsby Market Statistics
Grimsby Price Trend
331 Russ Rd is a 4-bedroom 3-bathroom home listed for sale at $3,875,000, which is $2,712,500 (233.3%) higher than the average sold price of $1,162,500 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 4 bedroom home in Grimsby increased by $174,500 (17.7%) compared to the previous 30 day period (March 5 - April 3) and down $22,500 (1.9%) from the same time one year ago.Inventory Change
There were 14 4-bedroom homes listed in Grimsby over the last 30 days (April 4 - May 3), which is up 16.7% compared with the previous 30 day period (March 5 - April 3) and up 133.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Grimsby typically sold ($28,087) (2.4%) below asking price over the last 30 days (April 4 - May 3), which represents a $1,813 increase compared to the previous 30 day period (March 5 - April 3) and ($77,900) 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 4-bedroom homes in Grimsby over the last 30 days (April 4 - May 3) stood at 57.1%, down from 58.3% over the previous 30 days (March 5 - April 3) and down from 150.0% 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 27 days when successfully sold over the last 30 days (April 4 - May 3), compared to 35 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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Welcome to your dream property in Grimsby! Nestled near Fifty Road, this gem offers the perfect blend of residential comfort and lucrative investment opportunity. Step into the inviting 3-bed home, boasting 2 bathrooms - one on each floor. The spacious living areas & modern kitchen are perfect for relaxation & culinary endeavors. A double car garage ensures vehicle safety, while the fenced yard offers space for pets and gatherings. The separate basement entrance opens doors for rental income or a private retreat. On the business front, seize the opportunity with a thriving storage unit venture. The property hosts 114 outdoor & 26 temperature-controlled indoor units, catering to various storage needs. Additionally, there are 32 parking spaces available for lease, enhancing income potential. Conveniently located, it provides easy access to amenities, schools, & highways, appealing to residents & businesses alike. Don't miss this chance to own a slice of paradise with endless possibilities.
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