550 North Service Rd #607 is a 2-bedroom, 2-bathroom condo in Grimsby, listed for $648,900. It has 1000-1199 sq ft of living space.
1The kitchen features granite countertops, stainless steel appliances and a large island with seating for four, with additional space for a dining area.
2Two full bathrooms, an electric fireplace and convenient in-suite laundry complete the space.
3And a rare bonus-TWO titled, side-by-side underground parking spaces, plus your own storage locker.
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.
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $649 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 550 North Service Rd #607
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
1000-1199 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
550 North Service Rd #607 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,188
/mo
based on the purchase price of $648,900
$129,780 cash
$519,120 financed
$437,235 total interest
Principal54%$519,120
Interest46%$437,235
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Grimsby
Other 2–3 bed homes for sale in Grimsby around $649K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings186Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 166 sales from Jul 23 – Oct 21, 2026 (110 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale · 9 for rent at 550 North Service Rd — plus its sale and lease history.
550 North Service Rd #607 is listed at $648,900 (MLS® X13741708). Summitly updates the price as soon as the MLS® record changes.
Is $648,900 a good price for 550 North Service Rd #607?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Grimsby. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 550 North Service Rd #607 changed?
Yes — it was first listed at $649,900 and is now $648,900, a drop of $1,000 (0.2%).
How many bedrooms and bathrooms does 550 North Service Rd #607 have?
550 North Service Rd #607 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Grimsby.
How much would the monthly mortgage be on 550 North Service Rd #607?
About $3,188 a month — principal and interest on $648,900 with 20% down ($129,780), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 550 North Service Rd #607 compare with other homes in Grimsby?
Its asking price of $648,900 is about 10% below the median sold price in Grimsby over the last 90 days, $722,250, across 166 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 550 North Service Rd #607 been sold before?
Summitly has no earlier MLS® sale or lease of 550 North Service Rd #607 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 North Service Rd #607?
550 North Service Rd #607 is in Grimsby, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 North Service Rd #607 been on the market?
48 days — 550 North Service Rd #607 was listed on September 3, 2026.
What is the price per square foot of 550 North Service Rd #607?
About $541 to $649 per square foot: the asking price of $648,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 550 North Service Rd #607 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 550 North Service Rd #607 have a basement, and is it finished?
The listing says 550 North Service Rd #607 has no basement.
