520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON

520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON photo 2

520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON photo 3

520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON photo 4

520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON photo 5

+7 photos

$399,900

520 North Service Road 402, Grimsby, ON L3M 0C9, Grimsby, ON

Grimsby, ON L3M 0C9

1 bed 1 bath Condo Apartment

About this home

Stunning condo with expansive views of Lake Ontario in prestigious and highly desirable Grimsby on the Lake neighbourhood. This secure and beautifully maintained building is located between the breathtaking Escarpment and Lake Ontario and is just minutes to the QEW, beaches, multiple waterfront and escarpment trails, boutiques, future GO Station, and all other amenities. This stylish condo offers an open concept design, large windows offering breathtaking views of the lake, a modern kitchen with quartz counters, two tone cabinetry, island & stainless steel appliances. Other features include California shutters, convenient in-suite laundry, an updated 3pc bath, private balcony overlooking the Lake, and updated light fixtures. Unit comes with 1 parking space (#402) and a storage locker (#L24). Condo fees include heat, water, common elements, and parking.

Property Score

59/ 100

Overall Property Score

good

A blend of both buyer and investor metrics.

Score breakdown

Walkability

55/100good

Score based on neighborhood density, downtown proximity, and walkable amenities.

Transit Access

45/100fair

GO Transit, LRT, and bus access from this neighborhood.

Schools

70/100great

Based on local school rankings (Fraser Institute proxy).

Affordability

47% of city avgexcellent

Priced below Grimsby's average of $845,000.

Appreciation Trend

+1.9%/yrgreat

Grimsby has seen +1.9% YoY price change.

Monthly Cash Flow

-$986/mopoor

Estimated -$986/mo at 20% down, 5% rate, 25-yr amortization.

Cap Rate

2.65%fair

Net operating income divided by purchase price.

Basement Suite Potential

Not viablepoor

This property type typically can't add a basement suite.

Move-In Ready

Avggreat

Estimate. Use the listing description and photos to assess actual condition.

MLS^® # X13037004

Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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