40 Esplanade Lane Unit 102, Grimsby

Price: $2,350

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: X12899596

The one you've been waiting for! This bright and open 1-bedroom plus den offers the perfect space to balance work, relaxation, and everyday living. Located just steps from the water, the unit feels like a peaceful retreat. A rare and expansive ground-floor patio provides exceptional outdoor living space, ideal for relaxing or entertaining. Perfectly situated minutes from the beach, scenic trails, the QEW, the Escarpment, and Niagara's renowned wine country, this home offers the best of both nature and convenience. Inside, a welcoming den just off the foyer creates a private and dedicated workspace, separate from the main living area. The kitchen features extended-height cabinetry and soaring ceilings, complementing the modern layout designed for both comfort and style. This is a must see!!

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$2,350 - 40 Esplanade Lane Unit 102, Grimsby

Condo for Sale in Grimsby

2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
X12899596
Property Type
Condo
Status
active
Days on Site
16
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Grimsby
Locker
Exclusive
Exposure
North East
Balcony
Terrace
Listing Brokerage
RE/MAX ABOUTOWNE REALTY CORP.
Description

The one you've been waiting for! This bright and open 1-bedroom plus den offers the perfect space to balance work, relaxation, and everyday living. Located just steps from the water, the unit feels like a peaceful retreat. A rare and expansive ground-floor patio provides exceptional outdoor living space, ideal for relaxing or entertaining. Perfectly situated minutes from the beach, scenic trails, the QEW, the Escarpment, and Niagara's renowned wine country, this home offers the best of both nature and convenience. Inside, a welcoming den just off the foyer creates a private and dedicated workspace, separate from the main living area. The kitchen features extended-height cabinetry and soaring ceilings, complementing the modern layout designed for both comfort and style. This is a must see!!

Neighbourhood Guide: Grimsby

Discover Grimsby

Grimsby is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Grimsby

  • Convenient location in Grimsby
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Grimsby offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

40 Esplanade Lane Unit 102, Grimsby

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
923.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$2
Insurance (est.)-$0
Net Cash Flow+$1,808

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $4/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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