$499,900

For sale

55 Lakeview Avenue, Grimsby (Grimsby Beach) - Single Family for Sale

55 Lakeview Avenue, Grimsby (Grimsby Beach), Ontario, L3M3M3

2 beds1 bath4 parking900 ft²50 × 116 ft (5,800 sq ft) lot sizeListed 14 days ago

Overview

This 2-bedroom, 1-bathroom home in Grimsby is for sale offering roughly 900 sq ft of space. Listed at $499,900, it is attractively priced about 38% below the $799,999 median asking price in Grimsby. It has been on the market 14 days, fresher than the Grimsby average of 56 days.

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Description

LOCATION, LOCATION, LOCATION! Welcome to this charming bungalow situated on a generous lot in Grimsby, just a short walk to Lake Ontario! Full of character and potential, this home features original hardwood flooring and trim, bringing warmth throughout. Enjoy the convenience of being close to downtown Grimsby, shops, restaurants, parks and everyday amenities, while still having the lake just steps from your door. An excellent opportunity for first-time buyers looking to get into the market, investors searching for their next project, or anyone looking to make a home their own. With a great-sized lot, plenty of potential and an unbeatable location, this is one you won't want to miss. Don't be TOO LATE! RSA (id:66096)

Property Details

MLS®: X14111472
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 50 × 116 ft (5,800 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 5.54 x 3.48 meters
Kitchen: 3.78 x 3.58 meters
Bedroom: 3.89 x 2.87 meters
Bedroom: 3.89 x 2.51 meters

Basement

Recreational, Games room: 9.14 x 3.35 meters

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

Features

Appliances: Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Water Heater
Foundation: Unknown
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Grimsby (Grimsby Beach) listings, avg age

56d

Price / ft²

$555

List price

$500K

Haho

This 2-bed single family in Grimsby (Grimsby Beach) has been listed for 14 days, which is 42 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · DREW WOOLCOTT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3M)

This home lists at $499,900, about 4.8× the local median household income of $104,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$499,900· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$303/mo

Total monthly$2,936

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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