5055 Greenlane Rd 407
Lincoln, L3J 2J3
FOR SALE
$421,200
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1
BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSX8161338
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Property Description
Nestled in the heart of small town Beamsville, this beautiful unit with nine-foot ceilings and Lake facing views offers an open concept kitchen and living room. This charming condo is complete with a large bedroom, 4pc bathroom, an office space, in-suite washer dryer as well as a beautiful balcony facing Lake Ontario. This condo is equipped with one underground parking spot very close to the elevator as well as locker both owned. The entire building offers geothermal heating as well cooling keeping down the costs. This building offers a party room, exercise room, rooftop patio on the same floor with amazing views of the escarpment.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-10-15 | 2023-01-09 | 86 | $453,000 | - | Terminated |
Extras
Heating & cooling is geothermal, Heating and cooling equipment are rentals and part of condo fee,
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,849 (2023)
Basement
None
Exterior
Brick Front, Stucco/Plaster
Heat Type
Heat Pump
Heat Source
Grnd Srce
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Parking 2
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.83' x 14.67' | Balcony, Sliding Doors |
| Kitchen | Main | 7.58' x 8.01' | Eat-In Kitchen |
| Office | Main | 6.00' x 7.25' | |
| Prim Bdrm | Main | 9.09' x 10.60' |
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Lincoln Market Statistics
Lincoln Price Trend
5055 Greenlane Rd 407 is a 1-bedroom 1-bathroom condo listed for sale at $421,200, which is $10,700 (2.6%) higher than the average sold price of $410,500 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Lincoln increased by $5,500 (1.4%) compared to the previous 30 day period (February 27 - March 27) and down $27,400 (6.3%) from the same time one year ago.Inventory Change
There were 2 1-bedroom condos listed in Lincoln over the last 30 days (March 28 - April 26), which is down 33.3% compared with the previous 30 day period (February 27 - March 27) and down 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Lincoln typically sold ($3,500) (0.9%) below asking price over the last 30 days (March 28 - April 26), which represents a $11,490 increase compared to the previous 30 day period (February 27 - March 27) and ($12,090) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Lincoln over the last 30 days (March 28 - April 26) stood at 50.0%, up from 33.3% over the previous 30 days (February 27 - March 27) and down from 75.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Lincoln stood at 34 days when successfully sold over the last 30 days (March 28 - April 26), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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