5055 Greenlane Road 605, Lincoln

$399,900
5055 Greenlane Road 605

$399,900

New
44d
Condo ApartmentApartment

5055 Greenlane Road 605, Lincoln

Total Monthly Obligation $2,472

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
44d
Score
21
Yield
6.4%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Condo Apartment
MLS® Number-X13758676
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 9, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$2,814.87 (2026)
Maintenance-$423.96/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Other (Other)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-981 - Lincoln Lake
Title-Residential Condo & Other

No agent assigned

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 9Ft 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"!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,472/mo
Mortgage $1,613
Monthly Loss $2,047
Principal$424
Interest$1,189
Property Tax$235
Condo Fees$424
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.6%33
10-Year IRR
10.5%
Returns Index
17.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,416/yr
NOI
$12,572/yr
Net Cash Flow
-$565/mo
Cash Margin
-26.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
31.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 5055 Greenlane Road 605

Time

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