$550K · 2 bed Condo Townhouse · 542 - Grimsby East, Grimsby

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About this home

Charming townhouse ideally located in the heart of Grimsby's vibrant lakeside community. This meticulously maintained 2-bedroom, 2-bathroom home offers a seamless blend of modern comfort and timeless appeal. The main floor features a bright, open-concept layout with a spacious living area ideal for both relaxing and entertaining.The kitchen is thoughtfully designed with sleek appliances, generous counter space, and ample cabinetry to meet all your culinary needs. The primary bedroom includes a l…

Property details

MLS#

X13018004

Status

Buy Now

Beds

Baths

2 full, 0 half

Size

1000-1199

Style

Bungalow

Type

Condo Townhouse

Year built

—

Condo corp #: 108
Balcony: None
Locker: None
Fees include: Common Elements Included, Cable TV Included
Pets: Yes-with Restrictions

Garage: 1-car Attached
Garage spaces: 1
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Main/ Between Nelles Rd & Baker
Basement: Full, Unfinished
Stories: 1
Utilities: —
Laundry: In-Suite Laundry
Interior: Primary Bedroom - Main Floor
Parking features: Private

Level	Room	Dimensions
Main	Kitchen	7.15m × 12.76m
Main	Dining Room	12.83m × 24.84m
Main	Living Room	12.83m × 24.84m
Main	Primary Bedroom	9.91m × 15.58m
Main	Bathroom	4.92m × 7.91m
Main	Bedroom 2	8.43m × 12.5m
Main	Bathroom	5.09m × 8.83m
Main	Foyer	3.74m × 11.91m
Main	Laundry	2.82m × 4.99m
Basement	Other	30.51m × 37.93m

Level

Room

Dimensions

Main

Kitchen

7.15m × 12.76m

Main

Dining Room

12.83m × 24.84m

Main

Living Room

12.83m × 24.84m

Main

Primary Bedroom

9.91m × 15.58m

Main

Bathroom

4.92m × 7.91m

Main

Bedroom 2

8.43m × 12.5m

Main

Bathroom

5.09m × 8.83m

Main

Foyer

3.74m × 11.91m

Main

Laundry

2.82m × 4.99m

Basement

Other

30.51m × 37.93m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $550,000✓ $4,134 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,866/mo

incl. closing costs (yr 1)

Annual total

$58,387

year 1

Mortgage only

$2,087/mo

principal + interest

Beyond mortgage

$1,698/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$110,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$345/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,500/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$39/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $25,038/yr

Property taxes20% $11,609/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,500/yr

Condo fees10% $5,580/yr

Closing costs9% $5,100/yr

Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,038	$2,087/mo
Government & taxes
Property tax	$4,134	$345/mo
Land transfer tax(closing)	$7,475	$623/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,500	$458/mo
Condo fees
Condo / HOA fees	$5,580	$465/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$58,387	$4,866/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs