550 North Service Rd 308
Grimsby, L3M 4E8
FOR SALE
$799,900
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2
BEDROOMS2
BATHROOMS1
KITCHENS4
ROOMSX8226458
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Property Description
Welcome to 308-550 North Service Rd, in the highly sought after Grimsby on The Lake Community! This stunning corner unit boasts over 1111 sqft of interior living in addition to approx 300 sqft of wrap around balcony space with spectacular views of Lake Ontario & Toronto skyline vistas where you will enjoy your morning coffees, beautiful breezes & outdoor entertaining. Modern living with 2BR's & 2 full baths. Panoramic views will capture your attention with the floor to ceiling windows throughout allowing for natural light in the open concept LR/DR space boasting easy ability for privacy/shade with the custom power blinds throughout. Impressive kitchen with expansive island, quartz countertops, breakfast bar, stainless steel appliances, statement backsplash & under cabinet lighting all await your culinary skills! Easy care engineered hardwood flooring throughout for a cohesive & on trend look. The primary BR features a W.I.C. & 3-piece ensuite with glass walk in shower, 2nd BR offers flex space for overnight guests or home office. Convenient insuite full size laundry. All closets fitted with custom California Closets. Bonus: Rare 2 owned underground parking spots (1 is handicapped & oversized) + locker for extra storage. Building amenities include resort style fitness center, fabulous party room, billiards, bicycle storage & rooftop patio with BBQ's for use. Enjoy easy access to the QEW, downtown Grimsby for dining, shopping and waterfront trails. Truly the lifestyle to lead.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-07-21 | 2021-12-31 | 164 | $898,888 | - | Expired |
Property Features
Beach, Clear View, Hospital, Lake/Pond, Level, Marina
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$4,898 (2023)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned
Parking 2
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 10.99' x 3.84' | |
| Living | Main | 12.01' x 21.42' | |
| Kitchen | Main | 10.01' x 21.42' | |
| Prim Bdrm | Main | 10.01' x 14.83' | |
| Br | Main | 10.50' x 14.01' | |
| Other | Main | 6.00' x 37.99' | Balcony |
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Grimsby Market Statistics
Grimsby Price Trend
550 North Service Rd 308 is a 2-bedroom 2-bathroom condo listed for sale at $799,900, which is $7,400 (0.9%) higher than the average sold price of $792,500 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom condo in Grimsby increased by $157,500 (24.8%) compared to the previous 30 day period (February 29 - March 29) and up $322,500 (68.6%) from the same time one year ago.Inventory Change
There were 6 2-bedroom condos listed in Grimsby over the last 30 days (March 30 - April 28), which is down 25.0% compared with the previous 30 day period (February 29 - March 29) and down 45.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Grimsby typically sold ($14,900) (1.9%) below asking price over the last 30 days (March 30 - April 28), which represents a $50 decrease compared to the previous 30 day period (February 29 - March 29) and ($19,990) 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 (March 30 - April 28) stood at 66.7%, up from 37.5% over the previous 30 days (February 29 - March 29) and up from 27.3% 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 (March 30 - April 28), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage State Realty
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