550 North Service Rd 508
Grimsby, L3M 4E8
FOR SALE
$539,888
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BEDROOMS2
BATHROOMS1
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Property Description
Discover modern living in this 2-bedroom, 2-bathroom condo nestled in the heart of Grimsby. Enjoy the unbeatable convenience of being just steps away from the serene lake, pristine beaches, vibrant amenities, and a variety of dining and shopping options. This spacious unit boasts lake views from your private balcony, providing a tranquil escape from the everyday. Inside, you'll find a contemporary interior with all the modern comforts you need. A secure underground parking space and a personal locker offer added convenience. The building's amenities are equally impressive, including 24-hour security and concierge services, a well-equipped exercise room, a party room, and a rooftop deck/garden where you can relax and enjoy the stunning views.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-05 | 2024-09-12 | 7 | $2,250 | - | Terminated |
| 2024-04-20 | 2024-08-31 | 133 | $579,000 | - | Expired |
| 2024-02-22 | 2024-03-26 | 33 | $594,888 | - | Terminated |
| 2024-01-16 | 2024-02-20 | 35 | $598,000 | - | Terminated |
Property Features
Marina, Park
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Property Details
Street
City
Property Type
Condo Townhouse, Apartment
Approximate Sq.Ft.
800-899
Taxes
$3,399 (2023)
Basement
None
Exterior
Alum Siding, Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (258 P2)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.80' x 11.81' | |
| Living | Main | 10.99' x 10.01' | |
| Br | Main | 10.99' x 8.99' | |
| 2nd Br | Main | 22.01' x 9.02' |
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Grimsby Market Statistics
Grimsby Price Trend
550 North Service Rd 508 is a 2-bedroom 2-bathroom townhome listed for sale at $539,888, which is $1,112 (0.2%) lower than the average sold price of $541,000 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 2 bedroom townhome in Grimsby declined by $105,633 (16.3%) compared to the previous 30 day period (October 22 - November 20) and down $81,500 (13.1%) from the same time one year ago.Inventory Change
There were 4 2-bedroom townhomes listed in Grimsby over the last 30 days (November 21 - December 20), which is down 50.0% compared with the previous 30 day period (October 22 - November 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom townhomes in Grimsby typically sold $5,280 (1.0%) above asking price over the last 30 days (November 21 - December 20), which represents a $10,453 increase compared to the previous 30 day period (October 22 - November 20) and ($16,250) 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 townhomes in Grimsby over the last 30 days (November 21 - December 20) stood at 125.0%, down from 187.5% over the previous 30 days (October 22 - November 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom townhome in Grimsby stood at 13 days when successfully sold over the last 30 days (November 21 - December 20), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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