5055 GREENLANE Road 131, Lincoln

$394,900
5055 GREENLANE Road 131

$394,900

New
14d
Condo Apartment1 Storey/Apt

5055 GREENLANE Road 131, Lincoln

Total Monthly Obligation $2,451

Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
14d
Score
20
Yield
6.3%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-X13883684
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 9, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,685 (2025)
Maintenance-$434.17/mo
Locker-Owned
Parking-1 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-FLEXIBLE
Neighbourhood-981 - Lincoln Lake
Title-Residential Condo & Other

No agent assigned

Enjoy the ease of condo living with outdoor space right at your doorstep. This bright ground-floor corner suite at Utopia Condos offers 690 sq. ft. of thoughtfully designed living space, featuring 1 bedroom plus an enclosed den, 2 full bathrooms, and a private patio with direct courtyard access.Natural light fills the inviting living area, while the modern kitchen offers ample storage and a practical layout for everyday living and entertaining. The primary bedroom overlooks the courtyard and features its own ensuite, while the enclosed den provides valuable flexibility for a home office, guest space, or quiet retreat. In-suite laundry, an oversized locker conveniently located directly beside the unit, and one underground parking space complete the package.Residents enjoy access to a fitness room, rooftop patio, party room, and bike storage. With Sobeys, Dollarama, parks, schools, and everyday essentials just steps away, plus quick QEW access, this location makes it easy to stay connected while enjoying a community surrounded by vineyards. An excellent opportunity for first-time buyers, professionals, downsizers, or investors seeking comfort, convenience, and exceptional value.

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

Closing Costs

Mortgage Amount
$315,920
Land Transfer Taxes$4,399
Legal Fees (Est.)
$
Total cash required for closing$84,879

Total Monthly Obligation

$2,451/mo
Mortgage $1,593
Monthly Loss $2,032
Principal$419
Interest$1,174
Property Tax$224
Condo Fees$434
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.4%31
10-Year IRR
10.3%
Returns Index
16.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$24,972/yr
NOI
$12,180/yr
Net Cash Flow
-$578/mo
Cash Margin
-27.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
31.2/ 100

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

Comparables

Properties near 5055 GREENLANE Road 131

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.