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Exceptional Property

550 NORTH SERVICE Road, Grimsby

$469,000
2 Bedrooms
2 Bathrooms
851 sqft

A rare opportunity to own an exceptional residence in one of the most sought-after locations.

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Single Family

Style

House

Year Built

1926

Square Footage

2429 square feet

Bedrooms

5

Bathrooms

3

Distinguished Features

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Premium Amenities

Featuring luxury finishes and high-end appliances throughout

Prime Location

Situated in a prestigious neighborhood with exceptional access

Property Overview

A Closer Look at This Distinguished Residence

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Step into this beautifully updated condo offering nearly 850 sq ft of stylish interior living plus a generous 207 sq ft balcony. Bright and airy with floor-to-ceiling windows throughout, this sun-filled, carpet-free unit delivers natural light and stunning views from every room. Freshly painted and thoughtfully designed, the open-concept layout inc...

MLS Number

40719471

Listed By

EXP Realty

Last Updated

Jun 13, 2025, 9:50 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.
Agent's Insight

"This property represents an exceptional opportunity in today's market, offering the perfect blend of location, craftsmanship, and timeless appeal."

Property Specifications

Comprehensive Details of This Fine Residence

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Property Specifications

Property Type
Single Family
Architectural Style
Apartment
Square Footage
851

Interior Features

Basement
None

Climate Control & Utilities

Heating System
Natural gas
Air Conditioning
Central air conditioning

Exterior & Surroundings

Exterior Construction
Steel, Concrete, Stucco

Additional Amenities

Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

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Property Timeline

Historical transactions and listing information

Property image
44
New
MLS# X12051118
List Date
Mar 31, 2025, 4:41 p.m.
List Price
$1,099,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
20
New
MLS# 40742929
List Date
Jun 18, 2025, 11:01 p.m.
List Price
$379,900
Property Type
Sale
Bedrooms
2
Bathrooms
1
Property image
12
New
MLS# 40741158
List Date
Jun 16, 2025, 1:37 p.m.
List Price
$2,400
Property Type
Lease
Bedrooms
2
Bathrooms
1
Property image
21
New
MLS# 40741069
List Date
Jun 16, 2025, 1:58 p.m.
List Price
$2,800
Property Type
Lease
Bedrooms
3
Bathrooms
2
Property image
9
New
MLS# 40735035
List Date
Jun 16, 2025, 1:37 p.m.
List Price
$3,000
Property Type
Lease
Bedrooms
3
Bathrooms
2
Property image
40
New
MLS# 40719471
List Date
Apr 19, 2025, 7:27 p.m.
List Price
$469,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
9
New
MLS# 40712165
List Date
Apr 1, 2025, 1:46 p.m.
List Price
$2,900
Property Type
Lease
Bedrooms
3
Bathrooms
2
Property image
45
New
MLS# 40719473
List Date
Apr 19, 2025, 7:27 p.m.
List Price
$519,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
32
New
MLS# 40716571
List Date
Apr 15, 2025, 7:16 p.m.
List Price
$519,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
36
New
MLS# X12205067
List Date
Jun 7, 2025, 11:51 p.m.
List Price
$2,750
Property Type
Lease
Bedrooms
2
Bathrooms
2
Property image
26
New
MLS# 40729564
List Date
May 21, 2025, 12:58 a.m.
List Price
$2,100
Property Type
Lease
Bedrooms
2
Bathrooms
1
Property image
33
New
MLS# X12168788
List Date
May 23, 2025, 3:59 p.m.
List Price
$738,800
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
42
New
MLS# X12092340
List Date
Apr 19, 2025, 7:42 p.m.
List Price
$469,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
36
New
MLS# X12092357
List Date
Apr 19, 2025, 7:42 p.m.
List Price
$519,000
Property Type
Sale
Bedrooms
2
Bathrooms
2
Property image
34
New
MLS# X12147415
List Date
May 14, 2025, 4:48 p.m.
List Price
$429,000
Property Type
Sale
Bedrooms
2
Bathrooms
1

Financial Planning

Tools to Help You Plan Your Investment

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Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

$
300,000
$
20%
% p.a.

Monthly Payment

$0
Per Month
Mortgage Details
Loan Amount
$240,000
Total Interest
$0
Total Payments
$0
Loan-to-Value Ratio
80%
Total Number of Payments
360
Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Total Income
$4,300/monthly
2 income sources
Total Expenses
$2,530/monthly
3 expense items
Net Cash Flow
$1,770/monthly
Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.

Income Sources

Rental Income
monthly
$3,500
Investment Returns
monthly
$800
Add New Income
$

Expense Items

Mortgage
monthly
$1,800
Property Tax
monthly
$450
Property Management
monthly
$280
Add New Expense
$
This calculator provides an estimate only. Actual investment returns may vary based on market conditions and unforeseen expenses.

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