New Condos in Grimsby

The average price of new pre-construction condos in Grimsby was $585,768 in November 2024.

Besides breathtaking views of the Niagara Escarpment and Lake Ontario, you will enjoy modern kitchen designs with premium appliances, spacious living rooms, private parking, advanced security systems, and many other amenities while living in Grimsby.

Grimsby is shaping up to be a fantastic choice for condo buyers in 2024, thanks to its lively community, diverse housing options, and convenient transportation links. Not only does this charming town boast incredible investment potential, but its delightful waterfront location and excellent amenities make it an irresistible place to put down roots and call home.

As of November 2024, the average rental rate of $1,962 suggests that you can find a variety of rental options in Grimsby.

People in the town mostly use their cars to get around, but GO Transit’s Lakeshore West train will give them more choices for their commute to work. While the bus stops, the Grimsby GO Train Station and the NRT On Demand service connect you to every corner of Grimsby, the Niagara Specialized Transit takes you to other municipalities, year-round.

If you’re looking to experience life in a quaint little town, Grimsby Beach may be a better choice for you. Neighbourhoods like Grimsby Mountain are the pinnacle of life at Grimsby, offering a serene escape from urban city life. But, if you still want to maintain a balance and be effortlessly close to urban centres, neighbourhoods like Downtown Grimsby are suitable for you.

Grimsby boasts a range of quality educational institutions, from top-notch public schools like Nelles Public School and Lakeview Public School, all ranking in the top educational institutions of the GTA.

The average family income in this wealthy town is $92,038 per year. It evolved from a small country village to a vital commercial hub on the Niagara Peninsula, which is an amazing rise that has led to the creation of a network of community facilities.

The city of Grimsby has a strategy to boost density and make the town more vibrant, and in the coming years, there will be a plethora of new condos and other large-scale developments approved by the zoning commission. Plus, Grimsby’s in-house Strategic Action Plan, developed with the help of volunteers and staff, is being successfully implemented.

To stay informed about new condo developments in Grimsby, sign up for our newsletters and register for updates from our developer pages. Platinum Condo Deals also offers regular updates and exclusive access to new listings.

If the condo in Grimsby is priced below $500,000, you need to pay a down payment of 5%. If the home for sale in Grimsby is worth $500K to $1M, the down payment is calculated as 5% of the first $500,000 and 10% of the rest. You need to put at least 20% as a down payment for new homes in Grimsby that are priced over $1 million.

Over the past 30 days (November 2024), the average sold price for condos in Grimsby was $585,768. This marks a $92,940 (15.9%) increase from the previous 30 days and a $80,768 (13.8%) rise compared to the same period last year. Additionally, the current average is $61,784 (10.5%) higher than the yearly average of $523,984.

Condos between $250K to $500K sell better and faster than this time last year, staying about 10 days less on the market. In addition, with the growing demand for real estate in this area, there are many planned new developments in Grimsby, ready for construction and occupancy.

The Sales to New Listings Ratio (SNLR) measures the balance between sales and new listings over a specific period. Currently, the SNLR for all property types in Grimsby is 65%, indicating a strong seller’s market where demand exceeds supply. This makes it an opportune time to sell condos. However, it’s important to note that each property is unique. For personalized advice and an informed decision, please contact us.

Grimsby is a unique mix of old-town country vibe and thriving urban community, giving residents numerous amenities while keeping them in touch with the waterfront bliss. On top of that, the city is a sweet spot for government and corporate investments.