409 Ridge Rd W
Grimsby, L3M 4E7
FOR SALE
$1,299,000
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Property Description
Sitting atop the escarpment on just over 8 acres, this is a sought-after and very desirable Ridge Road West Location, Enjoy country living with the benefit being of just minutes from all the amenities of the city and everything the quaint town of Grimsby offers just off the QEW. First, of note, there is a 2 Bedroom bungalow with a partial basement, the property also is highlighted with 2 ponds and 2 massive farm outbuildings measuring 40 x 275ft and 39 x 150ft, both with poured concrete floors and steel siding and rough in 3 phase hydro service with additional road entrance off Woolverton Road. Agricultural-related uses include farm-related commercial, farm-related industrial uses and farm holidays/tours, bed & breakfast, etc. Zoning supplements are attached, buyers to do their own due diligence in terms of permitted uses. The property has natural gas and central air for all the urban comforts with an amazing rural location very close to town and convenient access to all major routes!
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Extras
The house needs some TLC and is currently tenanted month to month. There has been substantial redevelopment in the area in very close proximity as of late.
Property Features
Golf, Grnbelt/Conserv, Lake/Pond
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Property Details
Street
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
413' x 436'
Acreage
5-9.99
Lot Irregularities
231.49X107.54X150.93X708.73X84.08X183.40
Fronting
South
Taxes
$1,902 (2023)
Basement
Part Bsmt, Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Other
Parking Spaces
8
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.61' x 14.50' | |
| Living | Main | 19.91' x 13.71' | |
| Dining | Main | 12.01' x 12.60' | |
| Br | Main | 15.81' x 11.19' | |
| 2nd Br | Main | 8.30' x 8.60' |
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Grimsby Market Statistics
Grimsby Price Trend
409 Ridge Rd W is a 2-bedroom 1-bathroom home listed for sale at $1,299,000, which is $447,750 (52.6%) higher than the average sold price of $851,250 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom home in Grimsby increased by $121,250 (16.6%) compared to the previous 30 day period (March 15 - April 13) and up $19,750 (2.4%) from the same time one year ago.Inventory Change
There were 5 2-bedroom homes listed in Grimsby over the last 30 days (April 14 - May 13), which is down 44.4% compared with the previous 30 day period (March 15 - April 13) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Grimsby typically sold ($6,225) (0.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $6,556 decrease compared to the previous 30 day period (March 15 - April 13) and ($6,266) 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 2-bedroom homes in Grimsby over the last 30 days (April 14 - May 13) stood at 80.0%, up from 33.3% over the previous 30 days (March 15 - April 13) and down from 120.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Grimsby stood at 27 days when successfully sold over the last 30 days (April 14 - May 13), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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