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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 78 days

    40 Parkwood Road

    Grimsby East·Grimsby, ON·L3M 4K9·Near Main St & Orchard Parkway

    • 4 beds
    Grimsby real estate›X12938638
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Executive Niagara Escarpment Home with Inground Pool & Full In-Law Suite - Located on a quiet cul-de-sac in one of Grimsby's most desirable neighbourhoods and walking distance to downtown, this exceptional home offers over 4,500 sq. ft. of finished space and more than 110' of Escarpment frontage. With an inground pool, stunning natural views, and a fully self-contained in-law suite, this is a rare opportunity. The main floor features a spacious foyer, formal dining and living rooms, a large office overlooking the backyard, and a spectacular Muskoka-inspired family room with wall-to-wall windows, cathedral ceilings, custom built-ins, and a fireplace. The family room flows into the dining area and a well-appointed kitchen with extended-height cabinetry, granite counters, stainless steel appliances, a desk nook, and walk-in pantry. A powder room and laundry with backyard access complete this level. Upstairs, the primary suite offers outstanding Escarpment views, a 5-piece ensuite with soaker tub and glass shower, and a walk-in closet with custom organizers. Three additional bedrooms share a 5-piece bath. The former 3-car garage has been converted into a full in-law suite with open-concept kitchen/living area, 3-piece bath, and bedroom, plus a ventilated storage bay. Through the remaining garage bay is a spacious mudroom leading to the lower level with a rec room, guest area, and 3-piece bath-ideal as a games room, gym, or potential second in-law suite. The backyard, fully nestled into the Niagara Escarpment, offers exceptional privacy with an inground pool, multiple seating areas, gazebo, and a refreshed pool house with covered overhang. A rare blend of luxury, versatility, and natural beauty.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Mar 31, 2026ListedCurrentFor sale$1,980,000 —X12938638This page
    Nov 21, 2025Previously listedTer$2,079,900 —X12567146View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Forced Air
      Air conditioning
      Central Air
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 40 Parkwood Road
    What's nearby

    Points of interest classified by the MLS® feed.

    • Cul de Sac/Dead End
    • Greenbelt/Conservation
    • Hospital
    • Library
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $9,727
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $1,115
    0.68% mill rate · ON
    The market

    How this home sits in the Grimsby market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Grimsby market right now

    Average sold price, days on market, and closed-transaction count for Grimsby — sourced from MLS®.

    • Avg sold price
      $773,937
      Last 30 days
    • Median sold price
      $715,000
      Middle of the market
    • Days on market
      43 d
      Avg from list to close
    • Closed last 30d
      103
      MLS® transactions
    Full Grimsby market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 40 Parkwood Road — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 40 Parkwood Road and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 40 Parkwood Road listed for?

      40 Parkwood Road is listed at $1,980,000 on the MLS® (listing X12938638). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 40 Parkwood Road have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 5 baths
  2. 3000-3500 sqft
  3. Detached
  4. Built 31-50
  5. Asking
    $1,980,000
    $0 / sqft · MLS® X12938638
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $913,246
    $840,186Confidence range$986,305
    Asking vs estimate
    ↑↑well-above
    +$1,066,754
    (+116.8%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 4 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Grimsby sell in about 43 days — this one has been listed 78 days.

    Avg sold price
    $773,937
    Median sold
    $715,000
    Avg days on market
    43
    Recently sold
    103
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • With an inground pool, stunning natural views, and a fully self-contained in-law suite, this is a rare opportunity.
    • The family room flows into the dining area and a well-appointed kitchen with extended-height cabinetry, granite counters, stainless steel appliances, a desk nook, and walk-in pantry.
    • Upstairs, the primary suite offers outstanding Escarpment views, a 5-piece ensuite with soaker tub and glass shower, and a walk-in closet with custom organizers.
    • The former 3-car garage has been converted into a full in-law suite with open-concept kitchen/living area, 3-piece bath, and bedroom, plus a ventilated storage bay.
    Ask Zara a follow-up
    Municipal
    Sewer
    Sewer
  7. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    1
    Parking spaces
    16
    Driveway
    Private Triple
  8. Interior

    5
    Basement
    Apartment, Finished
    Family room
    Y
    Kitchens
    1
    Total rooms
    4
    Laundry level
    Main Level
  9. Exterior & construction

    5
    Exterior
    Stone, Wood
    Roof
    Asphalt Shingle
    Foundation
    Poured Concrete
    View
    Forest, Park/Greenbelt, Pool, Trees/Woods
    Pool
    Inground
  10. Lot & land

    1
    Year built
    31-50
  11. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    2-Storey
    Property class
    Detached
  12. Room-by-room · 17 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    6 rooms
    • Family Room
      fireplace · cathedral ceiling(s)
      13.8 × 20.3 ft
    • Living Room
      13.1 × 13.5 ft
    • Kitchen
      Pantry
      27.2 × 11.5 ft
    • Laundry
      5.9 × 9.8 ft
    • Dining Room
      13.5 × 18.0 ft
    • Office
      13.5 × 15.1 ft

    Second level

    4 rooms
    • Bedroom 3
      13.8 × 13.1 ft
    • Bedroom 4
      13.8 × 11.2 ft
    • Primary Bedroom
      Walk-In Closet(s)
      13.1 × 21.3 ft
    • Bedroom 2
      14.1 × 11.8 ft

    Basement level

    7 rooms
    • Bedroom 5
      13.1 × 10.8 ft
    • Mud Room
      13.5 × 20.0 ft
    • Den
      13.5 × 11.8 ft
    • Utility Room
      9.2 × 10.2 ft
    • Recreation
      12.8 × 31.5 ft
    • Living Room
      13.5 × 10.2 ft
    • Kitchen
      13.5 × 11.8 ft
  13. Park
  14. Place Of Worship
  15. Combined estimate
    $10,842
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $9,727
    /mo
    based on the purchase price of $1,980,000
    $396,000 cash
    $1,584,000 financed
    $1,334,144 total interest
    Monthly payment$9,727/ month
    Principal54%$1,584,000
    Interest46%$1,334,144

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Grimsby

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 16 SHORELINE Crescent
      Sold
      Sign in for price
      16 SHORELINE Crescent
      Detached
    • 54 Merritt Crescent
      Sold
      Sign in for price
      54 Merritt Crescent
      Detached
    • 119 Dorchester Drive
      Sold
      Sign in for price
      119 Dorchester Drive
      Detached
    • 78 SUMAC Court
      Sold
      Sign in for price
      78 SUMAC Court
      Detached
    • 24 Heathcote Court
      Sold
      Sign in for price
      24 Heathcote Court
      Detached
    • 144 Dorchester Drive
      Sold
      Sign in for price
      144 Dorchester Drive
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    40 Parkwood RoadThis home4 / 530,003,500$1,980,000ask———
    16 SHORELINE Crescent3 / 53,500—
    54 Merritt Crescent3 / 21,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Grimsby

    Active listings within ±20% of this asking price.

    • 22 LAKE Street
      $2,199,000
      22 LAKE Street
      Detached 6 6
    • 15 CHEVAL Drive
      $1,689,000
      15 CHEVAL Drive
      Detached 4 4
    • 24-26 MAPLE Avenue
      $1,774,900
      24-26 MAPLE Avenue
      Detached 4 3
    • 24-26 MAPLE Avenue
      $1,774,900
      24-26 MAPLE Avenue
      Detached 4 3
    • 493 Ridge Road
      $1,890,000
      493 Ridge Road
      Detached 3 3
    • 708 Winston Road
      $1,695,000
      708 Winston Road
      Detached 3 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  16. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  17. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  18. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  19. Public listing courtesy of ROYAL LEPAGE STATE REALTY · displayed on Summitly per MLS® data-share rules

    40 Parkwood Road is a 4-bedroom, 5-bath, 3000-3500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  20. When was 40 Parkwood Road built?

    40 Parkwood Road was built in 31-50. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  21. What is the property tax for 40 Parkwood Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for 40 Parkwood Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  22. How much would the monthly mortgage be on 40 Parkwood Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,980,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  23. Has 40 Parkwood Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 40 Parkwood Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  24. What neighbourhood is 40 Parkwood Road in?

    40 Parkwood Road is in Grimsby East, Grimsby. The 'Neighbourhood' section below links to the live Grimsby real estate hub with average sold price, days on market, and current inventory.

  25. Is Grimsby a good place to live?

    Grimsby is one of ON's actively-tracked Summitly markets. The full Grimsby real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  26. 119 Dorchester Drive
    3 / 4
    2,000
    —
    78 SUMAC Court3 / 31,100—
    24 Heathcote Court5 / 53,000—
    144 Dorchester Drive4 / 32,500—