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Coldwell Banker Summit Realty

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

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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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 79 daysPrice drop · $50,000 off (-5.3%)

    Unit 1504 — 550 NORTH SERVICE Road

    Grimsby Beach·Grimsby, ON·L3M 0H9·Near LAKELAWN ROAD

    • 2 beds
    Grimsby real estate›X13004112
    • 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

    Experience elevated penthouse living in the heart of Grimsby on the Lake, where sweeping views of Lake Ontario, the escarpment, and unforgettable sunsets create a truly exceptional backdrop. Offering approximately 2,000 square feet of combined indoor and outdoor living space, this residence delivers a rare blend of luxury, space, and lifestyle. Soaring 11-foot ceilings and expansive wall to wall windows flood the open concept interior with natural light. The thoughtfully designed living, dining, and kitchen areas are ideal for both everyday living and sophisticated entertaining. The chef's kitchen features premium appliances, granite countertops, a striking tile backsplash, and an oversized island with generous seating. Two well-appointed bedrooms and two bathrooms provide comfort and privacy, including a serene primary suite with direct access to the terrace, perfect for enjoying evening sunsets over the lake. A standout feature of this penthouse is the expansive wraparound terrace and balcony, offering approximately 900 square feet of outdoor space for entertaining or quiet relaxation. Located within the sought after Waterview Condominium, residents enjoy 24 hour concierge service and are just steps from boutique shops, restaurants, and waterfront trails, with convenient highway access to Niagara and Toronto. A refined lakeside lifestyle awaits, whether as a full time residence or an exceptional retreat.

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

    AI highlights by Zara
    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
    Jul 2, 2026Price reducedCurrentReduced$899,000−$50,000 (5.3%)X13004112This page
    Apr 15, 2026ListedCurrentFor sale$949,000 —X13004112This page
    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

      2
      Heating
      Heat Pump
      Air conditioning
      Central Air
    Location & lifestyle

    Getting around, schools & the block

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

    📍 Unit 1504 — 550 NORTH SERVICE Road
    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
    $4,417
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $468
    0.63% 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
      $771,574
      Last 30 days
    • Median sold price
      $707,500
      Middle of the market
    • Days on market
      43 d
      Avg from list to close
    • Closed last 30d
      102
      MLS® transactions
    Full Grimsby market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 1504 — 550 NORTH SERVICE 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 Unit 1504 — 550 NORTH SERVICE 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 Unit 1504 — 550 NORTH SERVICE Road listed for?

      Unit 1504 — 550 NORTH SERVICE Road is listed at $899,000 on the MLS® (listing X13004112). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 1504 — 550 NORTH SERVICE 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. 2 baths
  2. 1000-1199 sqft
  3. Condo Apartment
  4. Asking
    $899,000
    $0 / sqft · MLS® X13004112
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $563,249
    $518,189Confidence range$608,309
    Asking vs estimate
    ↑↑well-above
    +$335,751
    (+59.6%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Grimsby sell in about 43 days — this one has been listed 79 days.

    Avg sold price
    $771,574
    Median sold
    $707,500
    Avg days on market
    43
    Recently sold
    102
    See comparable sales
    • Experience elevated penthouse living in the heart of Grimsby on the Lake, where sweeping views of Lake Ontario, the escarpment, and unforgettable sunsets create a truly exceptional backdrop.
    • Offering approximately 2,000 square feet of combined indoor and outdoor living space, this residence delivers a rare blend of luxury, space, and lifestyle.
    • Soaring 11-foot ceilings and expansive wall to wall windows flood the open concept interior with natural light.
    • A standout feature of this penthouse is the expansive wraparound terrace and balcony, offering approximately 900 square feet of outdoor space for entertaining or quiet relaxation.
    Ask Zara a follow-up

    Parking & garage

    3
    Garage
    Underground
    Garage spaces
    2
    Parking spaces
    2
  6. Interior

    4
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    5
  7. Exterior & construction

    6
    Exterior
    Concrete Poured
    Roof
    Flat
    Foundation
    Concrete
    View
    Lake
    Patio
    Open
    Balcony
    Open
  8. Lot & land

    1
    Zoning
    CS
  9. Listing & possession

    3
    Occupancy
    FLEXIBLE
    Property style
    1 Storey/Apt
    Property class
    Condo Apartment
  10. Room-by-room · 9 rooms

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

    Room dimensions

    Main level

    9 rooms
    • Foyer
      4.4 × 8.8 ft
    • Kitchen
      21.2 × 9.8 ft
    • Bedroom
      10.8 × 18.9 ft
    • Primary Bedroom
      22.5 × 10.7 ft
    • Bathroom
      4 Pc Ensuite
      0.0 × 0.0 ft
    • Laundry
      4.7 × 4.6 ft
    • Dining Room
      9.1 × 12.3 ft
    • Living Room
      12.1 × 12.3 ft
    • Bathroom
      3 Pc Bath
      0.0 × 0.0 ft

    Condo corporation & monthly fees

    Maintenance fee, what's included, locker, exposure, amenities, and condo corp details.

    Monthly maintenance
    Condo corp fees
    $1,010
    per month
    Maintenance fee includes
    • Water
    • Parking
    Building details
    • Unit4
    • Storeys (building)15
    • ExposureSouth
    • LockerExclusive
    • Parking typeInside Entry
    • Pet policyYes-with Restrictions
    • Ensuite laundryY
    • Condo corpMMSCC
    • Corp #292
    • Property managerCPO MANAGEMENT
    Combined estimate
    $4,885
    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
    $4,417
    /mo
    based on the purchase price of $899,000
    $179,800 cash
    $719,200 financed
    $605,755 total interest
    Monthly payment$4,417/ month
    Principal54%$719,200
    Interest46%$605,755

    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 and condo fees.

    Comparable condo apartments that just sold in Grimsby

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

    • 10 Esplanade Lane
      Sold
      Sign in for price
      10 Esplanade Lane
      Condo Apartment
    • 6 NIAGARA Street
      Sold
      Sign in for price
      6 NIAGARA Street
      Condo Apartment
    • 6 NIAGARA Street
      Sold
      Sign in for price
      6 NIAGARA Street
      Condo Apartment
    • 10 Esplanade Lane
      Sold
      Sign in for price
      10 Esplanade Lane
      Condo Apartment
    • 16 Concord Place
      Sold
      Sign in for price
      16 Concord Place
      Condo Apartment
    • 40 Esplanade Lane
      Sold
      Sign in for price
      40 Esplanade Lane
      Condo Apartment
    AddressBd / BaSqftSold$/sqft% of askSold
    Unit 1504 — 550 NORTH SERVICE RoadThis home2 / 210,001,199$899,000ask———
    10 Esplanade Lane1 / 1600—
    6 NIAGARA Street2 / 1900—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More condo apartments in Grimsby

    Active listings within ±20% of this asking price.

    • 16 Concord Place
      $949,000
      16 Concord Place
      Condo Apartment 2 2
    • 10 Concord Place
      $749,000
      10 Concord Place
      Condo Apartment 2 3
    • 385 WINSTON Road
      $799,900
      385 WINSTON Road
      Condo Apartment 2 2
    • 385 Winston Road
      $899,900
      385 Winston Road
      Condo Apartment 2 2
    • 10 Concord Place
      $799,000
      10 Concord Place
      Condo Apartment 2 3
    • 385 Winston Road
      $829,000
      385 Winston Road
      Condo Apartment 2 2
  11. 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.

  12. One team, no handoffs

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

  13. Showings on YOUR schedule

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

  14. Mortgage that closes

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

  15. Public listing courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC. · displayed on Summitly per MLS® data-share rules

    Unit 1504 — 550 NORTH SERVICE Road is a 2-bedroom, 2-bath, 1000-1199 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  16. When was Unit 1504 — 550 NORTH SERVICE Road built?

    The year built for Unit 1504 — 550 NORTH SERVICE Road isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  17. What is the property tax for Unit 1504 — 550 NORTH SERVICE Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 1504 — 550 NORTH SERVICE Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  18. How much would the monthly mortgage be on Unit 1504 — 550 NORTH SERVICE Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $899,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  19. Has Unit 1504 — 550 NORTH SERVICE Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 1504 — 550 NORTH SERVICE Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  20. What neighbourhood is Unit 1504 — 550 NORTH SERVICE Road in?

    Unit 1504 — 550 NORTH SERVICE Road is in Grimsby Beach, Grimsby. The 'Neighbourhood' section below links to the live Grimsby real estate hub with average sold price, days on market, and current inventory.

  21. 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.

  22. 6 NIAGARA Street
    2 / 1
    1,000
    —
    10 Esplanade Lane1 / 1600—
    16 Concord Place1 / 1700—
    40 Esplanade Lane2 / 21,000—