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1504 - 550 NORTH SERVICE Road

1504 - 550 NORTH SERVICE Road

Grimsby, Ontario

2 bed • 2 bath • Single Family

$874,900

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.

Price History

Schools

Elementary

  • Smith Public School0.7 km

    Public · DSB Niagara · 360 students

    Grade 3 reading: 94% met the provincial standard · Grade 6 math: 76% met the provincial standard

  • St. Gabriel Catholic Elementary School2.8 km

    Catholic · Hamilton-Wentworth CDSB · 525 students

    Grade 3 reading: 88% met the provincial standard · Grade 6 math: 58% met the provincial standard

  • Our Lady of Fatima Catholic Elementary School3.5 km

    Catholic · Niagara CDSB · 530 students

    Grade 3 reading: 79% met the provincial standard · Grade 6 math: 48% met the provincial standard

Secondary

  • Blessed Trinity Catholic Secondary School2.7 km

    Catholic · Niagara CDSB · 1085 students

    Grade 10 literacy: 94% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L3M

Population
28,433
Private dwellings
11,465
Median age
44.8
Average household size
2.5
Median household income
$104,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Grimsby · last 12 months

Median sold price
$722,000
Homes sold
383
Median days on market
27
Sale-to-list price
96.7%

Based on 383 recorded sales of single family properties in Grimsby over the last 12 months.

Location

Mortgage Calculator

$174,980

Estimated Monthly Payment

$4,298

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,298/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $219/mo

Estimates only. Consult a financial advisor.

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