550 NORTH SERVICE Road 1504, Grimsby, ON L3M 0H9
Utilities includedWater
Also includedBuilding Insurance · Parking
- Maintenance fee
- $1,065 / month
- Property tax
- $5,619 / year
- Included in the fee
- Building Insurance, Water, Parking
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.
- MLS number
- X13691860
- Type
- Condo Apartment
- Status
- Active
- Bedrooms
- 2
- Bathrooms
- 2
- Postal code
- L3M 0H9
- Photos
- 35
- Locker
- Yes — Exclusive (locker 397 & 398, level A)
- Laundry
- In the unit — In-Suite Laundry
- Included in the fee
- Building Insurance, Water, Parking
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Rooms
9 rooms as the listing brokerage filed them, 7 of them with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Foyer | 1.35 × 2.67 m | — |
| Living Room | 3.68 × 3.76 m | — |
| Dining Room | 2.77 × 3.76 m | — |
| Kitchen | 6.45 × 3.00 m | — |
| Primary Bedroom | 6.86 × 3.25 m | — |
| Bathroom | not measured | 4 Pc Ensuite |
| Bedroom | 3.30 × 5.77 m | — |
| Bathroom | not measured | 3 Pc Bath |
| Laundry | 1.42 × 1.40 m | — |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Condo Apartment
- Style
- 1 Storey/Apt
- Class
- Residential Condo & Other
- Exposure
- South
- Community
- 540 - Grimsby Beach
- Municipality
- Grimsby
- Cross street
- LAKELAWN ROAD
- Zoning
- CS
Inside
- Bedrooms
- 2
- Bedrooms above grade
- 2
- Bathrooms
- 2
- Washrooms
- 1 on the main floor · 1 on the main floor
- Kitchens
- 1
- Rooms above grade
- 5
- Basement
- None
- Size
- 1000-1199
Building
- Construction
- Concrete Poured
- Roof
- Flat
- Foundation
- Concrete
- Balcony
- Open
Parking
- Garage
- Underground
- Covered spaces
- 2
- Driveway spaces
- 0
- Total parking
- 2
- Features
- Inside Entry
Land
- View
- Lake
Heating, cooling and services
- Heating
- Heat Pump
- Heat source
- Electric
- Cooling
- Central Air
Condominium
- Fee
- $1,065 / month
- Fee includes
- Building Insurance Included, Water Included, Parking Included
- Pets
- Yes-with Restrictions
Features
- Interior
- Auto Garage Door Remote, Intercom, Separate Hydro Meter
Listing
- MLS number
- X13691860
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-08-19
- Expires
- 2026-11-26
- Taxes
- $5,619 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 2 times.
Where this property is
Where this address sits, matched against open government data.
Matched to the building rather than the unit — every unit in a tower shares one coordinate.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Smith Public School DSB Niagara | Elementary | 705 m | / 10 87% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
The market around this home
Condo Apartments in 540 - Grimsby Beach — 84 sales over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among condo apartments in 540 - grimsby beach. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 3,123 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35260338 — the few blocks around this address, home to 3,123 people. It describes the area, not this property.
Percentages are of the 2,090 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.