done deal
Open this photo in gallery:

The house at 45 Sandra Cres., in Grimsby, Ont. sold for $820,000 in July.Michael St. Jean Realty Inc.

Comments

45 Sandra Cres., Grimsby, Ont.

Asking price: $829,900 (June, 2026)

Selling price: $820,000 (July, 2026)

Previous selling prices: $855,000 (September, 2021); $512,000 (November, 2017); $305,000 (August, 2015); $183,000 (September, 2004); $147,500 (October, 1990)

Taxes: $4,484 (2026)

Days on the market: 10

Listing agents: Michael St. Jean and Graydon Moyer, Michael St. Jean Realty Inc.

Buyer’s agent: Michael St. Jean, Michael St. Jean Realty Inc.

Open this photo in gallery:

The sellers listed the home for sale at $829,900, $25,100 below what they had paid in 2021.Michael St. Jean Realty Inc.

The action

The sellers of this three-bedroom house were well aware that prices had declined since they bought the home in 2021. They took that into account when choosing to list the home for sale at $25,100 below what they had paid. Within 10 days, a deal was struck with the buyer trimming a further $9,900 from the asking price.

“The market had gone up and come down,” said agent Michael St. Jean.

“[The owner] is selling it in a different environment unfortunately, but the offer came in close to what they had paid a number of years earlier.”

Building tenant wins contest for large lakefront condo

The buyers, also clients of Mr. St. Jean, had seen enough properties to appreciate that this more than 30-year-old house had two major assets: it’s in move-in condition, complete with a new roof and laundry room, and it’s in a prime setting, backing onto a park and less than two kilometres from the QEW, GO train station, beach and marina.

“Everything in this house was completely done, and it’s turnkey,” Mr. St. Jean said.

“It’s in a nice neighbourhood, close to the highway, and not far from the lake and beach.”

Open this photo in gallery:

One of three bedrooms.Michael St. Jean Realty Inc.

What they got

This detached backsplit house has four floors, including a finished basement, and an attached garage.

The living and dining areas are on the main floor along with a kitchen that has a side exit to the 37- by 100-foot lot.

Seller of Swansea penthouse sets baked-in price buffer

Across the rear, the upper level has two bedrooms and an updated, semi-private bathroom.

The level directly below has a third bedroom, a bathroom and a recreation area with a new fireplace and sliding doors to a south-facing patio.

Open this photo in gallery:

Michael St. Jean Realty Inc.

The agent’s take

“It’s a four-level back split, and they’re not really building these any more,” Mr. St. Jean said.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe