550 North Service Road 607

540 - Grimsby Beach, Grimsby, L3M 0H9 · More in this building

$648,900

Reduced $1,000 from $649,900

2 bedrooms
2 bathrooms
2 parking
1000-1199 sq ft

Listed 47 days ago · MLS® X13741708

About this home

LAKE VIEWS. TORONTO SKYLINE. 413 SQ. FT. PRIVATE TERRACE. This is condo living with a serious wow factor. Set on the corner and wrapped in floor-to-ceiling windows, this bright 2-bedroom, 2-bathroom suite captures incredible views across Lake Ontario to the Toronto skyline- but the real showstopper is outside. Step onto your massive 413 sq. ft. wrap-around terrace and imagine morning coffee overlooking the lake, summer dinners outdoors, or simply unwinding at the end of the day with that view. Inside, the open-concept layout is filled with natural light and offers plenty of room to entertain. The kitchen features granite countertops, stainless steel appliances and a large island with seating for four, with additional space for a dining area. The two bedrooms are thoughtfully positioned on opposite sides of the suite for added privacy, both offering walk-in closets, while the primary bedroom lets you wake up to beautiful lake views. Two full bathrooms, an electric fireplace and convenient in-suite laundry complete the space. And a rare bonus-TWO titled, side-by-side underground parking spaces, plus your own storage locker. The building offers 24-hour concierge/security, exercise and billiards rooms, a party room with kitchen, private meeting space and a landscaped rooftop courtyard with BBQs and areas to sit back and enjoy the outdoors. Concrete construction also provides the benefit of a quieter living environment. Located just steps from the Waterfront Trail and minutes from Grimsby-on-the-Lake's restaurants, shops, parks and waterfront, with quick highway access for commuters. Whether you're downsizing, escaping the city or simply looking for a home that feels a little more like a getaway, this one delivers the lifestyle - inside and out.

Details

Type: Condo Apartment
Style: 1 Storey/Apt
Size: 1000-1199 sq ft
Basement: None
Garage: Underground
Kitchens: 1
Property tax: $5,296 (2026)
Maintenance fee: $971/month
Neighbourhood: 540 - Grimsby Beach
Municipality: Grimsby
Price per sq ft: $590 (8% above condo apartments in 540 - Grimsby Beach, $545)
Fee per sq ft: $0.88/month

Interior

Bedrooms: 2 above ground
Bathrooms: 1 × 4-piece (main), 1 × 3-piece (main)
Rooms: 5 above ground
Family room or den: No
Fireplace: Electric
Laundry: In-Suite Laundry, Ensuite
Features: Storage Area Lockers, Water Heater Owned

Heating, cooling and services

Heating: Heat Pump, Gas
Air conditioning: Central Air

Building and exterior

Style: 1 Storey/Apt
Exterior: Aluminum Siding, Concrete
Foundation: Poured Concrete

Parking

Garage spaces: 2
Total parking: 2

Condo

Monthly fee: $971
Fee includes: Heat Included, Water Included, Building Insurance Included
Amenities: Community BBQ, Concierge, Elevator, Exercise Room, Game Room, Gym
Locker: Owned (level P2)
Balcony: Open
Exposure: North
View: Lake
Pets: Yes-with Restrictions
Security: Concierge/Security
Property manager: CPO Management Inc.

Possession: Flexible
Nearby: Beach, Campground, Clear View, Lake Access, Lake/Pond, Marina
Cross street: North Service Rd

Rooms

Room	Level	Size
Living Room	Main	3.33 × 3.05 m (10'11" × 10')
Kitchen	Main	5.18 × 3.86 m (17' × 12'8")
Dining Room	Main	3 × 2.74 m (9'10" × 9')
Primary Bedroom	Main	6.63 × 3.23 m (21'9" × 10'7")
Bedroom 2	Main	4.19 × 3.18 m (13'9" × 10'5")

History of this address

7 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 7 cafés and restaurants, 6 parks. Nearest park: Bravo by the Lake Park (100 m).

Schools nearby

Elementary

Smith Public School
EQAO: Gr 6 reading 100%, math 76%10 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3M

Owners / renters: 83% / 17%
Median household income: $104,000
Average age: 44
Children under 15: 16%
Homes: 64% detached, 3% high-rise
Commute by transit: 1%
Population: 28,433

Languages spoken most at home besides English: Spanish 0.4%, Polish 0.4%, Punjabi (Panjabi) 0.3%, Croatian 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 22 km. Transit times · Driving times

Noise 1 source nearby

🛣️ QEW50 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX ESCARPMENT GOLFI REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $2,842
Property tax: $441
Maintenance: $971
Total: $4,254

$129,780 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $129,780
Land transfer tax: $9,453
Legal and other costs: ~$2,500
Total: $141,733

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$2,725/month

Typical asking rent for 2 bedroom condos like this within 1 km (8 for rent now; most $2,700–$2,850).

As a rental, with 20% down

Rent: $2,725
Mortgage: −$2,842
Property tax: −$441
Maintenance fee: −$971
Insurance, repairs, vacancy: −$199
Cash flow: −$1,727/month

Cap rate 2.1% · gross yield 5.0%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby