550 North Service Rd #206 is a 1-bedroom, 2-bathroom condo in Grimsby, listed for $399,900. It has 900-999 sq ft of living space.
1Welcome to the picturesque lakeside community of Grimsby!
2This exquisite condominium, nestled in the highly sought-after Grimsby neighborhood, boasts a generous 918 sq.ft with floor-to-ceiling windows with view of the lake from large balcony.
3Kitchen features stainless steel appliances, breakfast bar & overlooks the Dining/Living room.
Welcome to the picturesque lakeside community of Grimsby! This exquisite condominium, nestled in the highly sought-after Grimsby neighborhood, boasts a generous 918 sq.ft with floor-to-ceiling windows with view of the lake from large balcony. Kitchen features stainless steel appliances, breakfast bar & overlooks the Dining/Living room. One spacious bedroom plus a den, Two bathroom, and an additional dining area. 24 hour Concierge, party room, meeting room, exercise room, media room, rooftop patio/sun deck and underground parking. 2 minutes to QEW & only minutes to downtown Grimsby. Don't miss out on this incredible experience of lakeside luxury living!
1 bedroom, 2 bathrooms, about 900 sq ft, works out to roughly $444 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 #206
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
900-999 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
550 North Service Rd #206 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14164050$399,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 550 North Service Rd #206 Compares to the Grimsby Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,965
/mo
based on the purchase price of $399,900
$79,980 cash
$319,920 financed
$269,457 total interest
Principal54%$319,920
Interest46%$269,457
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.
For homeowners nearby
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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 $400K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings177Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 14 – Aug 12, 2026: prices up.
Based on 171 sales from Aug 12 – Nov 10, 2026 (107 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 · 7 for rent at 550 North Service Rd — plus its sale and lease history.
550 North Service Rd #206 is listed at $399,900 (MLS® X14164050). Summitly updates the price as soon as the MLS® record changes.
Is $399,900 a good price for 550 North Service Rd #206?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 #206 changed?
No — 550 North Service Rd #206 is still listed at its original asking price of $399,900.
How many bedrooms and bathrooms does 550 North Service Rd #206 have?
550 North Service Rd #206 has 1 bedroom and 2 bathrooms, with about 900–999 square feet of living space. It is a condo in Grimsby.
How much would the monthly mortgage be on 550 North Service Rd #206?
About $1,965 a month — principal and interest on $399,900 with 20% down ($79,980), 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 #206 compare with other homes in Grimsby?
Its asking price of $399,900 is about 45% below the median sold price in Grimsby over the last 90 days, $722,500, across 171 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 #206 been sold before?
Summitly has no earlier MLS® sale or lease of 550 North Service Rd #206 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 North Service Rd #206?
550 North Service Rd #206 is in Grimsby, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 North Service Rd #206 been on the market?
1 day — 550 North Service Rd #206 was listed on November 9, 2026.
What is the price per square foot of 550 North Service Rd #206?
About $400 to $444 per square foot: the asking price of $399,900 over the 900–999 sq ft the listing gives as its size range.
Does 550 North Service Rd #206 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 550 North Service Rd #206 have a basement, and is it finished?
The listing says 550 North Service Rd #206 has no basement.
