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$425K · 2 bed Condo Apartment · Unit 1201, 550 North Service Road, Grimsby, Ontario L3M 0H9 | HomeSearchCanada

$425,000

Unit 1201

87 DOM

2187d

Map

DOM 87

↓ $115K

$425,000

↓ $115K

DOM87days

Unit 1201

550 North Service Road · Grimsby · Ontario L3M 0H9

MLS® X13428586 · 540 - Grimsby Beach · L3M 0H9

21Vacant800-899 ft²Condo Apartment1-car UndergroundNo basement87d$500/ft²$3,200 tax/yrNo basement

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About this home

Welcome to modern condo living at its finest. This stunning two-bedroom, one-bathroom corner suite offers over 800 square feet of bright, thoughtfully designed living space, enhanced by expansive wrap-around windows that flood the home with natural light. The contemporary kitchen is both stylish and functional, featuring white shaker cabinetry, stainless steel appliances, quartz countertops and a spacious island perfect for casual dining and entertaining. The open-concept living area seamlessly…

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Property details

MLS#: X13428586
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 1 full, 0 half
Rooms: 4
Kitchens: 1
Size: 800-899Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: CS

Roof: Other
Foundation: Poured Concrete
Property features: Clear View, Greenbelt/Conservation

Condo corp #: 292
Balcony: Open
Locker: Owned
Association amenities: Concierge, Exercise Room, Game Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking
Fees include: Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Aluminum Siding, Stucco (Plaster)
Fronting on: —
Cross street: Lakelawn Rd
Stories: 12
Utilities: —
Laundry: In-Suite Laundry
Interior: None
Parking features: Private

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $115KPrice reduction

MLS shows the seller reduced the asking price by $114,900 (from $539,900 to $425,000).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX ESCARPMENT REALTY INC.

Source: TRREB/PROPTX · MLS® X13428586

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$425K

Unit 1201 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $425,000✓ $3,200 tax✓ Electric✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,039/mo

incl. closing costs (yr 1)

Annual total

$48,466

year 1

Mortgage only

$1,612/mo

principal + interest

Beyond mortgage

$1,554/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$85,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$267/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~850 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,250/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$52/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $19,348/yr

Property taxes17% $8,175/yr

Utilities5% $2,460/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,250/yr

Condo fees16% $7,533/yr

Closing costs11% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$19,348	$1,612/mo
Government & taxes
Property tax	$3,200	$267/mo
Land transfer tax(closing)	$4,975	$415/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,250	$354/mo
Condo fees
Condo / HOA fees	$7,533	$628/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$48,466	$4,039/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 1201

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs