487 Ridge Rd E
055 - Grimsby Escarpment, Grimsby, L3M 0K5
FOR SALE
$1,899,000

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BEDROOMS3
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Property Description
This newly renovated home features 17' vaulted living room, 3 bedrooms, 1 office, and a modern triple-insulated garage with double entry doors. The kitchen boasts glossy white cabinets, quartz countertops, a waterfall island, and appliances. The primary suite includes a modern soaker tub, waterfall shower, floating vanity, and a walk-in closet. The house has an energy-efficient heat pump. Tesla Charger. Starlink internet. The gated property offers ample parking, a stone patio with pergola, a rear deck with garden views, and gazebo. Additionally, there's a water filter, UV sterilization, and a water softener. This 1-acre retreat back onto the serene Niagara Escarpment and Bruce Trails for a secluded haven. Imagine stepping into your private oasis, where you can unwind and entertain in style. Don't miss out on this unique opportunity!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-11 | 2024-07-31 | 50 | $1,799,000 | - | Terminated |
2024-04-04 | 2024-06-11 | 68 | $1,999,000 | - | Terminated |
2024-01-19 | 2024-04-04 | 76 | $2,190,000 | - | Terminated |
2024-01-19 | 2024-04-04 | 76 | $2,190,000 | - | Terminated |
2023-09-20 | 2023-12-20 | 91 | $2,290,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
120' x 370'
Fronting
East
Taxes
$7,534 (2024)
Basement
Crawl Space
Exterior
Brick Front, Wood
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Water
Other
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Ground | 16.40' x 19.69' | Porcelain Floor, Hardwood Floor |
Great Rm | Ground | 14.11' x 19.69' | Vaulted Ceiling, Ceiling Fan, Electric Fireplace |
Dining | Ground | 11.48' x 14.11' | Hardwood Floor |
Kitchen | Ground | 13.78' x 21.33' | Centre Island, Porcelain Floor, B/I Oven |
Family | Ground | 13.78' x 25.92' | Ceiling Fan, Electric Fireplace, Hardwood Floor |
Laundry | Ground | 8.53' x 21.33' | Laminate |
Office | Ground | 9.84' x 13.12' | Hardwood Floor |
Prim Bdrm | 2nd | 9.84' x 16.08' | Hardwood Floor, Balcony, 4 Pc Ensuite |
2nd Br | 2nd | 9.84' x 16.08' | Hardwood Floor, Balcony |
3rd Br | 2nd | 11.81' x 14.11' | Hardwood Floor, Balcony |
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Grimsby Market Statistics
Grimsby Price Trend
487 Ridge Rd E is a 3-bedroom 3-bathroom home listed for sale at $1,899,000, which is $1,031,572 (118.9%) higher than the average sold price of $867,428 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Grimsby declined by $166,143 (16.1%) compared to the previous 30 day period (December 22 - January 20) and down $32,572 (3.6%) from the same time one year ago.Inventory Change
There were 25 3-bedroom homes listed in Grimsby over the last 30 days (January 21 - February 19), which is up 127.3% compared with the previous 30 day period (December 22 - January 20) and up 78.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Grimsby typically sold ($1,714) (0.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $23,054 increase compared to the previous 30 day period (December 22 - January 20) and ($2,400) 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 3-bedroom homes in Grimsby over the last 30 days (January 21 - February 19) stood at 28.0%, down from 63.6% over the previous 30 days (December 22 - January 20) and down from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Grimsby stood at 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 84 days before being removed from the market upon being suspended or terminated.Listing contracted with Retrend Realty Ltd
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