$399,900

For sale

#605 5055 Greenlane Road, Lincoln (Lincoln Lake) - Single Family for Sale

#605 5055 Greenlane Road, Lincoln (Lincoln Lake), Ontario, L0R1B3

2 beds1 bath1 parking650 ft²$424/mo condo feeListed 56 days ago

Overview

This 2-bedroom, 1-bathroom condo in Lincoln is for sale offering roughly 650 sq ft of space. It has been on the market 56 days, fresher than the Lincoln average of 104 days.

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

Description

AFFORDABLE LUXURY! PENTHOUSE with SPECTACULAR Lake and Escarpment Views in the Luxurious UTOPIA Condominium. 180 Degrees Unobstructed Views! PRIME LOCATION in Building with Sunny West Exposure and Conveniently Located Close to Elevator. You will Love this Bright, Sleek & Stylish Suite with Balcony to Enjoy INCREDIBLE SUNSETS. Floor to Ceiling Windows Allow an Abundance of Natural Light. Open Functional Floor Plan with INCREDIBLE 10 Ft Ceilings is Ideal for Everyday Living. Modern White Kitchen Features Elegant Quartz Counters, Stainless Steel Appliances and Peninsula Seats 4. Vinyl Laminate Floors Throughout. Upgraded In-suite Laundry. Many Other UPGRADES! 1 Locker & 1 Exclusive Underground Parking. GEOTHERMAL Heating/Cooling System Reduces Utility Costs. FABULOUS ROOFTOP TERRACE. GORGEOUS PRIVATE COURTYARD! Contemporary Party Room, Exercise Room & Bike Storage. Located in the Heart of Beamsville Close to the Best Vineyards and Wineries. Quick Access to the QEW. Steps away from a Future GO Transit Station. Close to Shops, Restaurants, Schools, Parks and Nearby Trail to the Escarpment. A Perfect Place to Find Your "Utopia"! (id:66096)

Property Details

MLS®: X13758676
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Other, Geo Thermal
Garage: Garage, Underground
Condo Fee: $424/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,814.87/yr
Listed: 56 days ago

Rooms

Main level

Kitchen: 2.41 x 2.36 meters
Living room: 4.47 x 3.31 meters
Bedroom: 3.25 x 2.8 meters
Den: 2.21 x 1.83 meters
Bathroom: 2.59 x 1.68 meters
Laundry room: 1.07 x 1.68 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, Dishwasher, Stove, Dryer, Microwave, Garage door opener remote(s)
Flooring: Laminate
Exterior: Brick
Lot Features: Conservation/green belt, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Lincoln (Lincoln Lake) listings, avg age

104d

Price / ft²

$616

List price

$400K

Haho

This 2-bed single family in Lincoln (Lincoln Lake) has been listed for 56 days, which is 48 days fresher than the city average of 104. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · ANTONET MURRAY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0R)

This home lists at $399,900, about 3.6× the local median household income of $110,000.

Carrying it typically needs a household income of about $78,114 (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)

$399,900· $616/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$235/mo

Condo fee$424/mo

Total monthly$2,765

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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