550 North Service Rd 508

Grimsby, L3M 4E8
FOR SALE
$558,000
550 North Service Rd 508, Grimsby
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
550 North Service Rd 508
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
X9296590
MLSID
Contact Us
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.
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
Property Details
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
Room Summary
RoomLevelSizeFeatures
KitchenMain12.80' x 11.81'
LivingMain10.99' x 10.01'
BrMain10.99' x 8.99'
2nd BrMain22.01' x 9.02'
Grimsby Market Statistics
Grimsby Price Trend
550 North Service Rd 508 is a 2-bedroom 2-bathroom townhome listed for sale at $558,000, which is $138,108 (19.8%) lower than the average sold price of $696,108 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom townhome in Grimsby increased by $23 (0.0%) compared to the previous 30 day period (July 17 - August 15) and up $46,108 (7.1%) from the same time one year ago.
Inventory Change
There were 3 2-bedroom townhomes listed in Grimsby over the last 30 days (August 16 - September 14), which is down 62.5% compared with the previous 30 day period (July 17 - August 15) and down 50.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom townhomes in Grimsby typically sold ($1,565) (0.2%) below asking price over the last 30 days (August 16 - September 14), which represents a $5,520 increase compared to the previous 30 day period (July 17 - August 15) and $0 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 2-bedroom townhomes in Grimsby over the last 30 days (August 16 - September 14) stood at 766.7%, up from 250.0% over the previous 30 days (July 17 - August 15) and up from 16.7% 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 12 days when successfully sold over the last 30 days (August 16 - September 14), compared to 91 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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