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$500K · 2 bed Condo Apartment · 540 - Grimsby Beach, Grimsby | MyPropertyScout

$499,900

Unit 905

22Vacant

Map

⚡ Insider Deal

Fixer Upper

$499,900

DOM45days

Unit 905

Watterview Condominiums · 550 North Service Road · Grimsby · Ontario L3M 0H9

MLS® X13112576 · 540 - Grimsby Beach · L3M 0H9

22Vacant1000-1199 ft²Condo Apartment2-car Underground45d$455/ft²$5,633 tax/yr

45 days on market

About this home

9th-floor unit at the Waterview Condominiums featuring a generously sized balcony with stunning views of Lake Ontario, 2 bedrooms, and 2 full bathrooms, close to all major amenities. Property Sold "As Is, Where Is" basis. Seller makes no representation and/ or warranties.

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Property details

MLS#: X13112576
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 1000-1199
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —

Building name: Watterview Condominiums
Condo corp #: 292
Balcony: Terrace
Locker: Owned
Fees include: Heat Included, Common Elements Included, Building Insurance Included, Water Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stucco (Plaster)
Fronting on: —
Cross street: Lakelawn Rd & North Service Rd
Basement: None
Stories: 9
Utilities: —
Laundry: In-Suite Laundry
Interior: None
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Kitchen	6.38m × 2.97m
Main	Living Room	6.38m × 3.96m
Main	Primary Bedroom	3.81m × 3.1m
Main	Bedroom 2	3.05m × 4.24m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE STATE REALTY

Source: TRREB/PROPTX · MLS® X13112576

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$500K

Unit 905 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $499,900✓ $5,633 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,181/mo

incl. closing costs (yr 1)

Annual total

$62,175

year 1

Mortgage only

$1,896/mo

principal + interest

Beyond mortgage

$2,287/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$99,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$469/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%$4,999/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)$81/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)37% $22,758/yr

Property taxes19% $12,106/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,999/yr

Condo fees19% $11,652/yr

Closing costs8% $5,100/yr

Mortgage is 37% of your true cost of ownership. The other 63% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,758	$1,896/mo
Government & taxes
Property tax	$5,633	$469/mo
Land transfer tax(closing)	$6,473	$539/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%)	$4,999	$417/mo
Condo fees
Condo / HOA fees	$11,652	$971/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	$62,175	$5,181/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 905

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs