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$575K · 2 bed Condo Apartment · 540 - Grimsby Beach, Grimsby | MyPropertyScout

$575,000

Unit 505

54 DOM

2254d

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DOM 54

Waterfront

$575,000

C●●●○○DOM54days

Unit 505

385 Winston Road · Grimsby · Ontario L3M 4E8

MLS® X13095890 · 540 - Grimsby Beach · L3M 4E8

22Vacant800-899 ft²Condo Apartment1-car Underground54d$677/ft²$3,762 tax/yr

3% above market · 54 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to Odyssey Condos in the popular Grimsby on the Lake community. This bright and spacious 2 bedroom suite features beautiful north-west facing views with both lake and sunset views to enjoy every day. The open concept layout offers a modern white kitchen with quartz countertops, stainless steel appliances, built-in microwave, and plenty of cabinet space. The living and dining area is bright and functional with lots of natural light. Both bedrooms are generously sized, including a large pr…

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Property details

MLS#: X13095890
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 800-899
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —

Property features: Beach, Lake/Pond, Park, Public Transit, Waterfront

View: Beach, Lake, Water, Clear

Waterfront: Yes
Water view: Direct
Water body: Lake Ontario
Shoreline: Unknown
Waterfront features: Other

Condo corp #: 345
Balcony: Open
Locker: Owned
Fees include: Building Insurance Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Exterior: Concrete
Fronting on: —
Cross street: Casablanca & QEW
Basement: None
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Flat	Living Room	3.05m × 4.37m
Flat	Kitchen	3.81m × 4.5m
Flat	Primary Bedroom	3.17m × 3.17m
Flat	Bedroom 2	2.74m × 2.74m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX REALTY SERVICES INC.

Source: TRREB/PROPTX · MLS® X13095890

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$575K

Unit 505 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $575,000✓ $3,762 tax✓ Electric✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,940/mo

incl. closing costs (yr 1)

Annual total

$59,280

year 1

Mortgage only

$2,181/mo

principal + interest

Beyond mortgage

$1,636/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$115,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$314/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~850 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$5,750/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)$45/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $26,176/yr

Property taxes20% $11,737/yr

Utilities4% $2,460/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,750/yr

Condo fees11% $6,456/yr

Closing costs9% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,176	$2,181/mo
Government & taxes
Property tax	$3,762	$314/mo
Land transfer tax(closing)	$7,975	$665/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,750	$479/mo
Condo fees
Condo / HOA fees	$6,456	$538/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	$59,280	$4,940/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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Unit 505

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs