$479,999

For sale

#533 5055 Greenlane Road, Lincoln (Lincoln Lake) - Single Family for Sale

#533 5055 Greenlane Road, Lincoln (Lincoln Lake), Ontario, L0R1B3

2 beds2 baths1 parking750 ft²$492/mo condo feeListed 78 days ago

Overview

This 2-bedroom, 2-bathroom condo in Lincoln is for sale offering roughly 750 sq ft of space. It has been on the market 78 days, fresher than the Lincoln average of 105 days.

Condos for Sale in Lincoln →All real estate in Lincoln →

Description

Great opportunity to own a spacious Main Floor 2 Bedroom + 2 Bath! Comes with 1 underground parking spot, 1 storage locker and a state of the art Geothermal Heating and Cooling system which keeps the hydro bills low!!! Enjoy the open concept kitchen and living room with stainless steel appliances, a breakfast bar and two cozy bedrooms. Primary bedroom with a four piece ensuite. The condo is complete with a 4piece bathroom, in-suite laundry, and a private terrace with unobstructed views of the courtyard. Enjoy all of the fabulous amenities that this building has to offer; including a party room, modern fitness facility, rooftop patio and bike storage. Situated in the desirable Beamsville community with fabulous dining, shopping, schools and parks. 25 minute drive to downtown Burlington, 20 minute commute to Niagara Falls, you don't want to miss this opportunity, book your showing today! (id:66096)

Property Details

MLS®: X13695434
Property Type: Single Family
Zoning: GC
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $492/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $2,992.41/yr
Listed: 78 days ago

Rooms

Main level

Living room: 4.85 x 3.07 meters
Laundry room
Bathroom: 2.44 x 2.41 meters
Kitchen: 3.2 x 2.92 meters
Bathroom: 2.31 x 1.5 meters
Primary Bedroom: 4.01 x 2.92 meters
Bedroom: 2.97 x 2.9 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, Stove, Dryer, Microwave, Window Coverings, Water Heater - Tankless
Foundation: Poured Concrete
Exterior: Stone, Aluminum siding
Lot Features: Flat site, Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Lincoln (Lincoln Lake) listings, avg age

105d

Price / ft²

$640

List price

$480K

Haho

This 2-bed single family in Lincoln (Lincoln Lake) has been listed for 78 days, which is 27 days fresher than the city average of 105. Act while there is still low competition.

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Listed by ROYAL LEPAGE MACRO REALTY · MARIO CARVALHO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0R)

This home lists at $479,999, about 4.4× the local median household income of $110,000.

Carrying it typically needs a household income of about $93,761 (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)

$479,999· $640/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,999.95

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,240 capitalized)

Property tax (est.)$249/mo

Condo fee$492/mo

Total monthly$3,270

Cash Needed to Close

Down payment (5%)$24,000

Land transfer tax$6,075

Est. closing costs$3,940

Total cash needed$34,015

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