$389,900

For sale

#616 10 ESPLANADE Lane, Grimsby - Single Family for Sale

#616 10 ESPLANADE Lane, Grimsby, Ontario, L3M0H1

1 bed1 bath1 parking565 ft²$480/mo condo feeListed 44 days ago

Overview

This 1-bedroom, 1-bathroom condo in Grimsby is for sale offering roughly 565 sq ft of space. Listed at $389,900, it is attractively priced about 20% below the $489,900 median asking price in Grimsby. It has been on the market 44 days, fresher than the Grimsby average of 58 days.

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Description

Wake up to Lake Ontario views and enjoy top-floor living at Lake House! This updated 1-bedroom, 1-bathroom condo offers modern, low-maintenance living in Grimsby's sought-after waterfront community. Step inside to a bright, open-concept layout featuring a sleek kitchen with rich cabinetry, stainless steel appliances and plenty of storage, flowing into a comfortable living area and private balcony. The real showstopper is the unobstructed view of Lake Ontario, creating an incredible backdrop to everyday life. Enjoy in-suite laundry, underground parking and an exclusive locker, plus impressive building amenities including an outdoor pool, fitness room, party room and visitor parking. Perfect for a young professional or first-time buyer, you're minutes from the QEW, downtown Grimsby, major retailers and the waterfront. Modern convenience meets a relaxed, resort-inspired lifestyle by the lake. (id:66096)

Property Details

MLS®: 40864936
Property Type: Single Family
Zoning: RM3
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 565 ft²
Storeys: 6
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $480/mo
Fee Includes: Water, Insurance, Parking

Rooms

Main level

Other: 6'4'' x 11'1''
Laundry room: 6'5'' x 3'2''
4pc Bathroom
Bedroom: 13'3'' x 8'10''
Living room: 13'7'' x 10'10''
Kitchen: 14'8'' x 10'11''

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

Features

Appliances: Washer, Dishwasher, Stove, Dryer, Microwave Built-in
Exterior: Brick, Stucco, Vinyl siding
Lot Features: Balcony, Country residential, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Grimsby listings, avg age

58d

Price / ft²

$690

List price

$390K

Haho

This 1-bed single family in Grimsby has been listed for 44 days, which is 14 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX Escarpment Golfi Realty Inc. · Rob Golfi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3M)

This home lists at $389,900, about 3.7× the local median household income of $104,000.

Carrying it typically needs a household income of about $76,161 (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)

$389,900· $690/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$222/mo

Condo fee$480/mo

Total monthly$2,756

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$4,324

Est. closing costs$3,670

Total cash needed$27,489

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