2024 Branthaven with 4 bedrooms and $23K in upgrades in Grimsby East

Property details for 131 Terrace Drive, Grimsby

Type: Residential
Style: Contemporary
Bedrooms: 4
Bathrooms: 3
Living Area: 2,420 square feet
Stories: 2
Basement: Unfinished, Full
Parking: Attached Garage
Heating: Forced air
Cooling: Central air conditioning
Exterior: Stone, Stucco
Ownership: Freehold
Annual Taxes: $7,721

This 2024 Branthaven 'Willson' model is barely a year old and it's already packed with $23,000 in builder upgrades. You'll notice the stone and stucco exterior right away, and inside, the main floor is bright and open. The living room is a solid 16 by 20 feet, and the kitchen has granite counters, stainless steel appliances, and an oversized island that works great for breakfast or homework. There's also a handy 2-piece bath and laundry on the main level, so you don't have to haul stuff upstairs. Upstairs, the primary suite is the standout: it's 13 by 21 feet with a private sitting spot, custom closet storage, and an ensuite featuring a frameless glass shower and tiled niche. Three more good-sized bedrooms (two at 12 by 12.9) share a full bath. The basement is unfinished with a 3-piece rough-in, so you've got a blank canvas down there. The double garage is upgraded too, with insulated doors and openers. Outside, the yard is fully fenced and backs onto mature trees for privacy. Located in Grimsby East, you're close to Nelles Public School and the YMCA, and it's a short drive to downtown Grimsby shops and restaurants. The QEW is minutes away for commutes to Hamilton or the GTA. Priced at $1,149,000, it's a bit above the nearby median, but you're paying for the newer build and upgrades. With 14 active listings nearby, there's some competition, but this one's got the features to stand out.

About 131 Terrace Drive, Grimsby — Property Score

Great Location

Score: 62/100

Value

Priced 27.7% above area median of $899,999 based on 23 comparable properties nearby 28

$475/sqft - 6.7% above the $445/sqft area median 60

Stable pricing - no price changes since original listing date 50

Size

2,420 sqft - 7% more space than similarly priced homes (2,255 sqft median) 66

4 bedrooms - typical for similarly priced homes 60

3 bathrooms - typical for similarly priced properties 60

Location

$127K median household income - well above the Canadian average of $70K 94

86% of residents hold postsecondary credentials - a highly educated neighbourhood 93

96% homeownership rate - indicating a stable, owner-occupied community 97

50% of residents commute under 30 minutes - good commuting convenience 70

417/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 32 days on market 100

-44.6% median price change over 1 month - declining prices in the area 1

24.3 months of housing supply - 97 active listings with 4 sold last month (buyer's market) 40

Features

4-car garage - area average is 6.3 spots 95

Unfinished, Full basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.67% effective tax rate ($7,721/yr) - below the Canadian average of ~1% 80

5% renter population - primarily owner-occupied area 35

Quality

Condition

Listing

50 photos provided - 25% more than the area average of 40 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.