550 North Service Rd 306
Grimsby, L3M 4E8
FOR SALE
$575,000
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS4 + 1
ROOMSX8064770
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Property Description
Lakeside living at its finest! Stunning 2-bed plus den, 2-bath, 2 parking condo nestled in a coveted location offering a seamless blend of lifestyle & convenience. Just a stone's throw away from the Lake, beaches, restaurants, shopping & projected GO station. Open concept layout w kitchen featuring large peninsula w breakfast bar, SS appliances & stone counters. The large great room is flooded w natural light showcased by the gorgeous sunsets best enjoyed on the spacious balcony w West exposure & even lake views! The primary suite incl W/I closet plus spa inspired 5PC ensuite w glass shower & separate soaker tub. Nicely appointed main bath is easily accessed by the oversized 2nd bedroom w floor to ceiling windows. Building amenities incl: outdoor terrace w BBQ's & lake views, gym, party room, billiards table & boardroom. This not just a home, but a lifestyle choice.
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Property Features
Beach, Lake Access, Marina, Park
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$4,273 (2023)
Basement
None
Exterior
Concrete, Stucco/Plaster
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (Level B 119)
Parking 2
Owned (Level B 119)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 18.73' x 9.97' | |
| Kitchen | Main | 11.32' x 8.40' | |
| Dining | Main | 6.99' x 9.48' | |
| Prim Bdrm | Main | 24.08' x 9.58' | |
| 2nd Br | Main | 13.32' x 10.24' |
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Grimsby Market Statistics
Grimsby Price Trend
550 North Service Rd 306 is a 2-bedroom 2-bathroom condo listed for sale at $575,000, which is $217,500 (27.4%) lower than the average sold price of $792,500 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 2 bedroom condo in Grimsby increased by $17,551 (2.3%) compared to the previous 30 day period (March 2 - March 31) and up $280,000 (54.6%) from the same time one year ago.Inventory Change
There were 8 2-bedroom condos listed in Grimsby over the last 30 days (April 1 - April 30), which is down 0.0% compared with the previous 30 day period (March 2 - March 31) and down 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Grimsby typically sold ($14,900) (1.9%) below asking price over the last 30 days (April 1 - April 30), which represents a $9,600 increase compared to the previous 30 day period (March 2 - March 31) and ($14,945) 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 condos in Grimsby over the last 30 days (April 1 - April 30) stood at 50.0%, up from 25.0% over the previous 30 days (March 2 - March 31) and up from 22.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Grimsby stood at 112 days when successfully sold over the last 30 days (April 1 - April 30), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Burloak Real Estate Services
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