$399,900

For sale

#511 10 Esplanade Lane, Grimsby (Grimsby Beach) - Single Family for Sale

#511 10 Esplanade Lane, Grimsby (Grimsby Beach), Ontario, L3M0H1

1 bed1 bath1 parking650 ft²$520/mo condo feeListed 19 days ago

Overview

This 1-bedroom, 1-bathroom condo in Grimsby is for sale offering roughly 650 sq ft of space. Listed at $399,900, it is attractively priced about 18% below the $485,988 median asking price in Grimsby. It has been on the market 19 days, fresher than the Grimsby average of 57 days.

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Description

Gorgeous Lake Views from this 5th floor executive unit with an easterly view of both the lake to the north, the east and around to the escarpment in the south. Located in trendy Grimsby-On-The-Lake with awesome restaurants & boutiques, close to all types of shopping amenities in beautiful Grimsby, and a quick drive to local wineries and with easy highway access. Perfect condo for first time buyers, snowbirds, couples or singles! Great work from home set up with separate den. Features laminate floors throughout and in suite laundry. Complex amenities include outdoor pool, gym, party room. Includes one underground parking spot & locker. This one provides a great lifestyle both in and out! (id:66096)

Property Details

MLS®: X14087982
Property Type: Single Family
Zoning: RM3
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $520/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,804.89/yr

Rooms

Main level

Living room: 3.71 x 3.61 meters
Den: 2.31 x 2.03 meters
Bedroom: 3.51 x 2.69 meters
Kitchen: 3.4 x 3 meters

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

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Hood Fan
Foundation: Poured Concrete
Exterior: Brick, Concrete Block
Lot Features: Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Grimsby (Grimsby Beach) listings, avg age

57d

Price / ft²

$616

List price

$400K

Haho

This 1-bed single family in Grimsby (Grimsby Beach) has been listed for 19 days, which is 38 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE STATE REALTY · E. MARTIN MAZZA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3M)

This home lists at $399,900, about 3.8× the local median household income of $104,000.

Carrying it typically needs a household income of about $78,114 (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)

$399,900· $616/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$234/mo

Condo fee$520/mo

Total monthly$2,860

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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