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1 Bed, 1 Bath Condo in Grimsby
Unit 801 at 550 North Service Road
Two underground parking spaces included! Welcome to this bright corner-unit condo in the heart of Grimsby-on-the-Lake, just steps from the waterfront. The south-facing exposure and additional corner-unit windows fill the space with natural light, creating an open and inviting atmosphere. Inside, you'll find a spacious living area, a generously sized bedroom with ample closet space, a well-appointed bathroom, in-suite laundry, and a private balcony perfect for enjoying some fresh air. Residents also enjoy the convenience of concierge service and access to an impressive selection of amenities, including a fitness centre, games room with pool table, boardroom-style meeting space, and multiple gathering rooms with kitchenettes. Surrounded by lakefront trails, escarpment hikes, shops, restaurants, and renowned local wineries, this location offers an exceptional Niagara lifestyle. With quick access to the QEW makes commuting toward Toronto or Niagara simple and convenient.
1 bedroom, 1 bathroom, 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 #801
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
0-499 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
Apartment
Property class
Condo Apartment
550 North Service Rd #801 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
$1,646
/mo
based on the purchase price of $335,000
$67,000 cash
$268,000 financed
$225,726 total interest
Principal54%$268,000
Interest46%$225,726
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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Zara · AI virtual agent
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Grimsby
Other 1–2 bed homes for sale in Grimsby around $335K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings189Homes for sale here right now.
Median vs prior 90 days+3.6%Compared with May 7 – Aug 5, 2026: prices up.
Based on 170 sales from Aug 5 – Nov 3, 2026 (112 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
1 for sale · 6 for rent at 550 North Service Rd — plus its sale and lease history.
550 North Service Rd #801 is listed at $335,000 (MLS® X14144294). Summitly updates the price as soon as the MLS® record changes.
Has the price of 550 North Service Rd #801 changed?
No — 550 North Service Rd #801 is still listed at its original asking price of $335,000.
How many bedrooms and bathrooms does 550 North Service Rd #801 have?
550 North Service Rd #801 has 1 bedroom and 1 bathroom, with about 0–499 square feet of living space. It is a condo in Grimsby.
How much would the monthly mortgage be on 550 North Service Rd #801?
About $1,646 a month — principal and interest on $335,000 with 20% down ($67,000), 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 #801 compare with other homes in Grimsby?
Its asking price of $335,000 is about 54% below the median sold price in Grimsby over the last 90 days, $722,250, across 170 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 #801 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 550 North Service Rd #801 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 550 North Service Rd #801?
550 North Service Rd #801 is in Grimsby, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 North Service Rd #801 been on the market?
550 North Service Rd #801 was listed today (November 3, 2026).
What is the price per square foot of 550 North Service Rd #801?
About $671 per square foot: the asking price of $335,000 over the 0–499 sq ft the listing gives.
Does 550 North Service Rd #801 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 550 North Service Rd #801 have a basement, and is it finished?
The listing says 550 North Service Rd #801 has no basement.
What is the land transfer tax on 550 North Service Rd #801?
About $3,500 in Ontario land transfer tax at the asking price of $335,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
