40 Esplanade Lane 511
Grimsby, L3M 0G9
FOR SALE
$500,000
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSX8163518
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Property Description
Welcome to unit 511 at 40 Esplanade Lane. This immaculate condo features 1 bedroom + den, 1 bathroom with 620 sqft of luxury living space. Fantastic location in the desirable Grimsby Beach Community with spectacular views of Lake Ontario and the Niagara Escarpment. Enjoy quality features throughout including tons of natural lighting, laminate flooring, pot lights, a generous-sized bedroom with two closets, and a spacious living room with access to the private balcony. Entertain in the bright open concept kitchen with stainless steel appliances, quartz countertops, tile backsplash, and sleek dark cabinetry with chrome hardware. The unit also offers in-suite laundry, a modern 4-piece bathroom with a shower/tub combo, and a large den that could be used as an additional bedroom or office space. The Condominiums offer exceptional amenities such as a modern lobby, fitness centre, party room, and outdoor pool.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-08-03 | 2022-10-17 | 75 | $529,900 | - | Terminated |
Extras
Incredible location in the heart of Grimsbys sought after waterfront community just steps away from local amenities, restaurants, yoga studio, waterfront walking trails and easy highway access to the QEW.
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,038 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.09' x 9.68' | |
| Living | Main | 11.09' x 12.01' | |
| Br | Main | 8.99' x 11.52' | |
| Den | Main | 6.66' x 7.58' |
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Grimsby Market Statistics
Grimsby Price Trend
40 Esplanade Lane 511 is a 1-bedroom 1-bathroom condo listed for sale at $500,000, which is $58,334 (13.2%) higher than the average sold price of $441,666 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Grimsby declined by $46,909 (9.6%) compared to the previous 30 day period (February 27 - March 27) and down $8,334 (1.9%) from the same time one year ago.Inventory Change
There were 8 1-bedroom condos listed in Grimsby over the last 30 days (March 28 - April 26), which is down 38.5% compared with the previous 30 day period (February 27 - March 27) and down 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Grimsby typically sold ($19,983) (4.5%) below asking price over the last 30 days (March 28 - April 26), which represents a $9,108 decrease compared to the previous 30 day period (February 27 - March 27) and ($9,000) 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 1-bedroom condos in Grimsby over the last 30 days (March 28 - April 26) stood at 75.0%, up from 15.4% over the previous 30 days (February 27 - March 27) and down from 75.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Grimsby stood at 28 days when successfully sold over the last 30 days (March 28 - April 26), compared to 103 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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