5503 Greenlane Rd
981 - Lincoln Lake, Lincoln, L3J 1M9
FOR SALE
$949,500
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2
BEDROOMS2
BATHROOMS1
KITCHENS4 + 3
ROOMSX11975654
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Property Description
Updated bungalow with walk-out from lower level family room; in-law suite potential; this nearly 1/2 acre property is surrounded by fruit orchards; a private and scenic setting yet close to amenities such as grocery stores, banks, restaurants, proposed Beamsville GO train station, quick access to QEW; spacious principal rooms; updated eat-in kitchen with stainless appliances and quartz countertops; open concept living/dining; updated bathrooms; oak floors, ceramic tile, broadloom; dishwasher, microwave, washer/dryer; gas furnace (2013); central air; central vac + attachments; ample storage; double closet in primary bedroom; owned hot water tank (2023); outside access to lower laundry room; cistern pump (2023); metal roof (2017 -transferable 50 year warranty); 5+ vehicle driveway (2023); wood decking (2022); garage door and automatic opener (2019); 2000 sq. ft total finished interior space (upper and lower). Flexible closing. Cooperating with buyer's agent. *For Additional Property Details Click The Brochure Icon Below*
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
102' x 196'
Fronting
North
Taxes
$4,151 (2024)
Basement
Fin W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Other
Parking Spaces
5
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 20.18' x 19.98' | |
| Dining | Main | 13.75' x 13.75' | |
| Kitchen | Main | 13.06' x 11.32' | |
| Breakfast | Main | 9.74' x 9.81' | |
| Prim Bdrm | Main | 12.83' x 13.16' | |
| 2nd Br | Main | 9.06' x 12.89' | |
| Bathroom | Main | 6.40' x 6.30' | |
| Family | Lower | 15.55' x 12.63' | |
| Laundry | Lower | 9.91' x 12.89' | |
| Utility | Lower | 16.40' x 13.32' | |
| Bathroom | Lower | 9.22' x 4.89' |
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Lincoln Market Statistics
Lincoln Price Trend
5503 Greenlane Rd is a 2-bedroom 2-bathroom home listed for sale at $949,500, which is $189,500 (24.9%) higher than the average sold price of $760,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Lincoln increased by $114,288 (17.7%) compared to the previous 30 day period (December 22 - January 20) and up $112,000 (17.3%) from the same time one year ago.Inventory Change
There were 6 2-bedroom homes listed in Lincoln over the last 30 days (January 21 - February 19), which is down 14.3% compared with the previous 30 day period (December 22 - January 20) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Lincoln typically sold ($24,900) (3.3%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,287 increase compared to the previous 30 day period (December 22 - January 20) and ($15,980) less 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 2-bedroom homes in Lincoln over the last 30 days (January 21 - February 19) stood at 16.7%, down from 28.6% over the previous 30 days (December 22 - January 20) and down from 166.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Lincoln stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Ici Source Real Asset Services Inc.
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