$399,900

For sale

#511 10 ESPLANADE Lane, Grimsby - Single Family for Sale

#511 10 ESPLANADE Lane, Grimsby, Ontario, L3M0H1

2 beds1 bath1 parking617 ft²$520/mo condo feeListed 19 days ago

Overview

This 2-bedroom, 1-bathroom condo in Grimsby is for sale offering roughly 617 sq ft of space. Listed at $399,900, it is attractively priced about 18% below the $489,900 median asking price in Grimsby. It has been on the market 19 days, fresher than the Grimsby average of 58 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®: 40871753
Property Type: Single Family
Zoning: RM3
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 617 ft²
Year Built: 2017
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump, Forced air
Cooling: Central air conditioning
Garage: Underground, Visitor Parking
Pool: Yes
Waterfront: Yes
Condo Fee

Rooms

Main level

Kitchen: 9'10'' x 11'2''
Den: 6'8'' x 7'7''
Bedroom: 8'10'' x 11'6''
4pc Bathroom
Living room: 11'10'' x 12'2''

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan
Foundation: Poured Concrete
Exterior: Concrete, Brick
Lot Features: Balcony, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Grimsby listings, avg age

58d

Price / ft²

$648

List price

$400K

Haho

This 2-bed single family in Grimsby has been listed for 19 days, which is 39 days fresher than the city average of 58. Act while there is still low competition.

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Listed by Royal LePage State Realty Inc. · 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· $648/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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