550 North Service Rd 312
Grimsby, L3M 4E8
FOR SALE
$498,900
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Property Description
Must-See Modern Large 1-Bedroom In Grimsby-On-The-Lake Community! This Fantastic Location Is Just Steps From The Lake, With Easy Access To Waterfront Trails, Hiking In The Escarpment, Shopping Centers, Dining Options, And Local Wineries. Enjoy A Spacious Living Room Filled With Natural Light, A Large Bedroom With Ample Closet Space, And A Den That Can Serve As A Home Office, Storage Area, Or Playroom For Kids. The Beautifully Finished Bathroom Complements The Home, Along With Brand New Stainless Steel Appliances And A Stacked Washer And Dryer. The Property Also Includes A Parking Space And Storage Unit. Perfect For Commuters, With Quick Access To The QEW For Easy Travel To Toronto And Niagara, Plus Convenient Access To The Go Train.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-01-20 | 2023-01-24 | 4 | $2,100 | - | Terminated |
| 2022-11-02 | 2023-01-05 | 64 | $574,900 | - | Expired |
| 2022-04-07 | 2022-08-02 | 117 | $622,000 | - | Terminated |
| 2022-06-22 | 2022-08-02 | 41 | $2,400 | - | Terminated |
| 2022-03-29 | 2022-04-07 | 9 | $596,000 | - | Terminated |
| 2020-12-19 | 2021-02-02 | 45 | $399,900 | $410,000 | Sold |
Extras
Multiple Gathering Rooms With Kitchenette, Game Room + A Pool Table, Board-Room Meeting Space And Gym
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,604 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Other
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.01' x 16.01' | Combined W/Dining, W/O To Patio |
| Kitchen | Main | 10.01' x 10.01' | Stainless Steel Appl |
| Prim Bdrm | Main | 12.01' x 12.99' | |
| Den | Main | 10.01' x 6.99' | Combined W/Living |
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Grimsby Market Statistics
Grimsby Price Trend
550 North Service Rd 312 is a 1-bedroom 1-bathroom condo listed for sale at $498,900, which is $1,400 (0.3%) higher than the average sold price of $497,500 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 1 bedroom condo in Grimsby declined by $9,750 (1.9%) compared to the previous 30 day period (August 18 - September 16) and up $37,500 (8.2%) from the same time one year ago.Inventory Change
There were 9 1-bedroom condos listed in Grimsby over the last 30 days (September 17 - October 16), which is up 28.6% compared with the previous 30 day period (August 18 - September 16) and down 30.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Grimsby typically sold ($9,500) (1.9%) below asking price over the last 30 days (September 17 - October 16), which represents a $16,499 increase compared to the previous 30 day period (August 18 - September 16) 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 (September 17 - October 16) stood at 22.2%, down from 514.3% over the previous 30 days (August 18 - September 16) and down from 23.1% 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 85 days when successfully sold over the last 30 days (September 17 - October 16), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Dynamic Edge Realty Group Inc.
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