$359,800

For saleJust listed

#412 5055 Greenlane Road, Lincoln (Lincoln Lake) - Single Family for Sale

#412 5055 Greenlane Road, Lincoln (Lincoln Lake), Ontario, L0R1B3

1 bed1 bath1 parking550 ft²$385/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Lincoln is for sale offering roughly 550 sq ft of space. Listed at $359,800, it is attractively priced about 5% below the $379,000 median asking price in Lincoln. It has been on the market 6 days, fresher than the Lincoln average of 104 days.

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Description

Welcome to 5055 Greenlane, Unit 412, in the heart of Beamsville! This bright and modern 1-bedroom condominium offers the perfect combination of contemporary living, everyday convenience, and the charm of Niagara wine country. Featuring an open-concept layout, oversized windows that fill the space with natural light, and an upgraded kitchen, this thoughtfully designed unit makes excellent use of its space. Enjoy your morning coffee on the private balcony with views of Lake Ontario and beautiful sunrises to start your day. The building offers an impressive selection of amenities, including a fully equipped fitness centre, rooftop terrace with escarpment views, and beautifully maintained outdoor green space. Additional conveniences include underground parking, a storage locker, and low condominium fees. Ideally located just minutes from local wineries, shopping, restaurants, and QEW highway access, this property is an excellent opportunity for first-time buyers, downsizers, or investors seeking low-maintenance living in one of Niagara's most desirable communities. (id:66096)

Property Details

MLS®: X14129922
Property Type: Single Family
Zoning: GC
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $385/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,847.42/yr
Listed: 6 days ago

Rooms

Main level

Foyer: 1.95 x 3.21 meters
Kitchen: 2.38 x 3.2 meters
Living room: 2.97 x 4.19 meters
Primary Bedroom: 1.44 x 2.26 meters
Bathroom: 1.44 x 2.26 meters
Laundry room: 1.04 x 0.97 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Range, Dryer, Microwave
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Cul-de-sac, Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Lincoln (Lincoln Lake) listings, avg age

104d

Price / ft²

$655

List price

$360K

Haho

This 1-bed single family in Lincoln (Lincoln Lake) has been listed for 6 days, which is 98 days fresher than the city average of 104. Act while there is still low competition.

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Listed by ROYAL LEPAGE STATE REALTY · JAKE ROBERTS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0R)

This home lists at $359,800, about 3.3× the local median household income of $110,000.

Carrying it typically needs a household income of about $70,282 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $110,000
Population: 83,602
Median age: 40.8
Owner / renter: 88% / 12%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0R)

$359,800· $655/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,990

Min 5%50%

Mortgage payment$1,895/mo

↳ CMHC premium ($13,672 capitalized)

Property tax (est.)$237/mo

Condo fee$385/mo

Total monthly$2,517

Cash Needed to Close

Down payment (5%)$17,990

Land transfer tax$3,872

Est. closing costs$3,579

Total cash needed$25,441

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