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$400K · 1 bed Condo Apartment · 542 - Grimsby East, Grimsby | MyPropertyScout

$399,999

Unit 2

29 DOM

1129d

Map

DOM 29

$399,999

DOM29days

Unit 2

49 Ontario Street · Grimsby · Ontario L3M 3H2

MLS® X13225294 · 542 - Grimsby East · L3M 3H2

11OwnerOccupied900-999 ft²Condo ApartmentNone29d$421/ft²$2,634 tax/yrBuilt 200323 yrs old

29 days on market

About this home

Welcome to this spacious and beautifully maintained bungaloft condo located in the desirable Carnegie Lofts community in Grimsby. Offering an ideal blend of comfort, functionality, and low-maintenance living, this unique home features an open-concept design with soaring ceilings, abundant natural light, and beautiful hardwood flooring throughout the main living area. The bright and inviting main floor offers generous living and dining spaces that seamlessly connect to the well-appointed kitchen,…

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Property details

MLS#: X13225294
Status: Buy Now
Beds: 1
Baths: 1 full, 0 half
Size: 900-999
Style: Bungaloft
Type: Condo Apartment
Year built: —

Condo corp #: 184
Balcony: None
Locker: None
Fees include: Water Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Vinyl Siding
Fronting on: —
Cross street: MAIN ST W
Basement: Unfinished
Stories: 1
Utilities: —
Laundry: In-Suite Laundry
Interior: Other
Parking features: —

Additional listing data

ListAOR: Niagara Association of REALTORS

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX NIAGARA REALTY LTD, BROKERAGE

Source: TRREB/PROPTX · MLS® X13225294

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$400K

Unit 2 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,999✓ $2,634 tax✓ Electric✓ 900-999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,682/mo

incl. closing costs (yr 1)

Annual total

$44,179

year 1

Mortgage only

$1,517/mo

principal + interest

Beyond mortgage

$1,333/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$80,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$220/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~950 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%$4,000/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)$40/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $18,210/yr

Property taxes16% $7,109/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance9% $4,000/yr

Condo fees13% $5,700/yr

Closing costs12% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,210	$1,517/mo
Government & taxes
Property tax	$2,634	$220/mo
Land transfer tax(closing)	$4,475	$373/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%)	$4,000	$333/mo
Condo fees
Condo / HOA fees	$5,700	$475/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	$44,179	$3,682/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 2

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs