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$875K · 2 bed Condo Apartment · Unit 1504, 550 NORTH SERVICE Road, Grimsby, Ontario L3M 0H9 | HomeSearchCanada

$874,900

Unit 1504

17 DOM

2217d

Map

DOM 17

Waterfront

$874,900

DOM17days

Unit 1504

550 NORTH SERVICE Road · Grimsby · Ontario L3M 0H9

MLS® X13691860 · 540 - Grimsby Beach · L3M 0H9

22OwnerOccupied1000-1199 ft²Condo Apartment2-car UndergroundNo basement17d$796/ft²$5,619 tax/yrNo basement

17 days on market

About this home

Experience elevated penthouse living in the heart of Grimsby on the Lake, where sweeping views of Lake Ontario, the escarpment, and unforgettable sunsets create a truly exceptional backdrop. Offering approximately 2,000 square feet of combined indoor and outdoor living space, this residence delivers a rare blend of luxury, space, and lifestyle. Soaring 11-foot ceilings and expansive wall to wall windows flood the open concept interior with natural light. The thoughtfully designed living, dining,…

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Property details

MLS#: X13691860
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 1000-1199Exact 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: Owner Occupied
Washrooms: 4 pc · Main; 3 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: CS

Roof: Flat
Foundation: Concrete

View: Lake

Waterfront: Yes

Condo corp #: 292
Balcony: Open
Locker: Exclusive
Fees include: Building Insurance Included, Water Included, Parking Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Exterior: Concrete Poured
Fronting on: —
Cross street: LAKELAWN ROAD
Stories: 15
Utilities: —
Laundry: In-Suite Laundry
Interior: Auto Garage Door Remote, Intercom, Separate Hydro Meter
Parking features: Inside Entry

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX ESCARPMENT GOLFI REALTY INC.

Source: TRREB/PROPTX · MLS® X13691860

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$875K

Unit 1504 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $874,900✓ $5,619 tax✓ Electric✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$7,509/mo

incl. closing costs (yr 1)

Annual total

$90,110

year 1

Mortgage only

$3,319/mo

principal + interest

Beyond mortgage

$2,567/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$174,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$468/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,100 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%$8,749/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)$89/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$13,973

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $39,829/yr

Property taxes22% $19,592/yr

Utilities3% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance10% $8,749/yr

Condo fees14% $12,780/yr

Closing costs6% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$39,829	$3,319/mo
Government & taxes
Property tax	$5,619	$468/mo
Land transfer tax(closing)	$13,973	$1,164/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%)	$8,749	$729/mo
Condo fees
Condo / HOA fees	$12,780	$1,065/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	$90,110	$7,509/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 1504

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