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Price Change$1,149,000

131 Terrace Drive

542 - Grimsby East, Grimsby

$1,099,000

Detached|Contemporary
4 | 2 | 4
About this home

Welcome to 131 Terrace Drive, a beautifully appointed 2024 Branthaven "Willson" model offering 2,420 sq. ft. of thoughtfully designed above-grade living space. Featuring 4 spacious bedrooms, 2.5 bathrooms and over $23,000 in builder upgrades, this home combines modern style with everyday functionality. The open-concept main floor showcases a bright 16' x 20' living room and a chef-inspired kitchen featuring granite countertops, stainless steel appliances, an oversized island and breakfast bar. Convenient main-floor laundry adds to the practical layout. Upstairs, the impressive primary suite offers a private sitting area, extensive custom closet storage and a luxurious ensuite with a frameless glass shower and tiled niche. Three additional bedrooms provide plenty of space for family, guests or a home office. The full unfinished basement includes a 3-piece bathroom rough-in and excellent potential for future living space. Additional upgrades include 200-amp electrical service, a two-hit surge protector installed on the breaker panel, ready-to-use gas lines for the range and BBQ, tankless hot water, an HRV system, and central air. The upgraded double garage features insulated doors, two garage-door openers and an R12-insulated wall. Enjoy a fully fenced backyard backing onto mature trees for added privacy. Set in a family-friendly Grimsby neighbourhood close to Nelles Public School, West Niagara Secondary School, the YMCA, parks, downtown shops and restaurants. Minutes from the Niagara Escarpment, Bruce Trail, Lake Ontario waterfront, wineries and QEW access to Hamilton, Burlington and the GTA. Balance of Tarion new-home warranty included.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleContemporary
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,721
Lot Size13.68 metres x 30.01 metres
mls© NumberX13703408
Listed ByRIGHT AT HOME REALTY

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,625
Property tax
$643
Heat allowance
$150
Housing costs
$6,419 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $219,800
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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