$689,000

For sale

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49 Ridge Road East, Grimsby (Grimsby Escarpment) - Single Family for Sale

49 Ridge Road East, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

1 bed1 bath8 parking ft²

↓ $100K (9%) price drop

697 Ridge Road West, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

3 bd3 ba10 pk1,750 ft²Lot size 119 × 651 ft (1.77 acres)

Listed by RE/MAX HALLMARK REALTY LTD.

429 Ridge Road East, Grimsby (Grimsby Escarpment), Ontario, L0R1B2

For sale

13 days ago

$1.65M

429 Ridge Road East, Grimsby (Grimsby Escarpment), Ontario, L0R1B2

3 bd3 ba12 pk3,250 ft²Lot size 100 × 606 ft (1.39 acres)

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

356 Mountain Road, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

For salePrice drop

21 days ago

$1.09M$1.20M

↓ $111K (9%) price drop

356 Mountain Road, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

5 bd4 ba10 pk2,250 ft²Lot size 305 × 655 ft (4.57 acres)

Listed by COLDWELL BANKER THE REAL ESTATE CENTRE

225 Park Road South, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

For sale

70 days ago

$2.20M

225 Park Road South, Grimsby (Grimsby Escarpment), Ontario, L3M4E7

5 bd4 ba12 pk3,250 ft²

Listed by SAM MCDADI REAL ESTATE INC.

Investment analysis

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$689,000

Grimsby

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80 × 444 ft (35,520 sq ft) lot size

Overview

This 1-bedroom, 1-bathroom home in Grimsby is for sale offering roughly 900 sq ft of space. Listed at $689,000, it is attractively priced about 37% below the $1,088,800 median asking price in Grimsby. It has been on the market 22 days, fresher than the Grimsby average of 74 days.

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Description

Fantastic opportunity to own a property with an 80 ft frontage and over 3/4 of an acre lot that is backed on to The Niagara Escarpment and the Bruce Trail with incredible privacy. Live in, Renovate or Tear down / Build the home of your dreams are all potential options. The current home needs a little TLC but offers 2 bedrooms and 1 full bathroom. The primary bedroom is located on the main floor and the second in the loft area. The open concept floor plan in the primary rooms where you can spend most of your time. The double car garage can be used for any hobby you have or for storage. Having a home on the property can offer any buyer the benefits of financing. (id:66096)

Property Details

MLS®: X14029518
Property Type: Single Family
Zoning: R1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 900 ft²
Lot Size: 80 × 444 ft (35,520 sq ft)
Frontage: 80 ft
Storeys: 1
Basement: Full
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,945/yr
Listed: 22 days ago

Rooms

Main level

Kitchen: 4.09 x 3.4 meters
Dining room: 4.27 x 3.4 meters
Living room: 4.88 x 3.66 meters
Primary Bedroom: 3.66 x 3.43 meters
Bathroom: 2.44 x 2.44 meters

Second level

Bedroom 2: 4.22 x 3.63 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Block
Exterior: Vinyl siding
Lot Features: Conservation/green belt, Level, Sump Pump

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Grimsby (Grimsby Escarpment) listings, avg age

74d

Price / ft²

$766

List price

$689K

Haho

This 1-bed single family in Grimsby (Grimsby Escarpment) has been listed for 22 days, which is 52 days fresher than the city average of 74. Act while there is still low competition.

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Listed by CENTURY 21 MILLER REAL ESTATE LTD. · LEO MANCHISI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3M)

This home lists at $689,000, about 6.6× the local median household income of $104,000.

Carrying it typically needs a household income of about $134,586 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $104,000
Population: 28,433
Median age: 44.8
Owner / renter: 83% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3M)

$689,000· $766/ft²

For sale

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Full Cost Breakdown

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Down Payment6.37% · $43,900.00

Min 6.37%50%

Mortgage payment$3,577/mo

↳ CMHC premium ($25,804 capitalized)

Property tax (est.)$412/mo

Total monthly$3,989

Cash Needed to Close

Down payment (6.37%)$43,900

Land transfer tax$10,255

Est. closing costs$4,567

Total cash needed$58,722

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