331 Russ Rd
Grimsby, L3M 4E7
FOR SALE
$3,499,000
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BEDROOMS3
BATHROOMS1
KITCHENS14
ROOMSX9245565
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Property Description
Welcome to 331 Russ Road a 52- acre property that blends luxury with entrepreneurial possibilities. The property presents a 10,000+ square foot indoor arena. It's ready to be transformed to suit a myriad of business ventures. The outdoor paddocks and additional land dedicated to crops and forest. The sustainable features of this home include high R-value enviro spray insulation and a geothermal system. The true centerpiece is the 25-foot double-sided masonry wood fireplace. Framed by Ozark stone, extending from the basement to the top floor. Inside, you'll find four bedrooms, including a main floor master suite. Beautiful wood ceramic tiles from Italy and pet-friendly compressed bamboo flooring adorn the living spaces. The open-concept kitchen boasts a large center island, perfect for entertaining guests. Outside, you can take a dip in the 20 x 40-foot inground pool or relax under the gazebo. Don't miss the opportunity to own this extraordinary property!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-10 | 2024-08-07 | 28 | $3,499,000 | - | Terminated |
| 2024-04-24 | 2024-07-10 | 77 | $3,499,000 | - | Terminated |
Extras
Second floor deck- Previous engineered plans had an option to add a 5 th bedroom in this area. A battery backup system is in place for essential appliances like water/sewer pumps and refrigerator. The wind turbine powers the battery.
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
$8,396 (2023)
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 $3,499,000, which is $2,389,000 (215.2%) higher than the average sold price of $1,110,000 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Grimsby declined by $0 (0.0%) compared to the previous 30 day period (July 17 - August 15) and up $160,000 (16.8%) from the same time one year ago.Inventory Change
There were 7 4-bedroom homes listed in Grimsby over the last 30 days (August 16 - September 14), which is up 40.0% compared with the previous 30 day period (July 17 - August 15) and down 22.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Grimsby typically sold ($39,900) (3.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $0 decrease compared to the previous 30 day period (July 17 - August 15) and ($23,750) 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 (August 16 - September 14) stood at 414.3%, down from 600.0% over the previous 30 days (July 17 - August 15) and up from 44.4% 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 20 days when successfully sold over the last 30 days (August 16 - September 14), compared to 136 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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Incredible opportunity to own a self storage facility in the growing area of Grimsby. 114 units comprised of 26 climate controlled units and the rest drive up units and tons of parking spots. Property also includes a 3 bed, 2 bath bungalow with an in-law suite, creating the opportunity for the Buyer to live in the residence, rent out both spaces, or even potentially severing off the bungalow and keeping the self storage business.
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