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    Lincoln / Beamsville

    5055 Greenlane Road

    4for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    6
    Number of Units:
    276
    Condo Completion:
    2022
    Condo Demand:
    Medium
    Unit Size Range:
    549 - 930 SQFT
    Unit Availability:
    High
    Property Management:
    Wilson Blanchard Property Management

    Listing History for Utopia Condominiums

    Receive listing updates for Beamsville

    Amenities

    Rooftop Deck
    BBQ
    Games Room
    Gym Room
    Indoor Parking
    Visitor Parking

    Maintenance Fees

    Included
    Heat
    Excluded
    Hydro
    Air Conditioning
    Water

    About 5055 Greenlane Road — Utopia Condominiums

    Utopia Condominiums stands 6 storeys tall at 5055 Greenlane Road and contains 276 units. This Lincoln condo was completed in 2022 by New Horizon Development Group. Suite sizes range from 549 square feet to 930 square feet.

    Maintenance fees are $0.54 per-square-foot, which is higher than the neighbourhood average of $0.54 per-square-foot.

    The Suites

    On average, units at 5055 Greenlane Road sell -2.71% below the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $700 and units sell with 38 days on market on average. Over the past 12 months, 25 have sold and 28 have have been rented here.

    4

    Listings For Sale

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    1

    Listings For Rent

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    Similar condos

    Price Trends

    Maintenance Fees

    Utopia Condominiums vs The Beamsville Area

    Building Trends At Utopia Condominiums

    Days on Strata

    Units at Utopia Condominiums spend an average of
    37
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Beamsville

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 7 condos in the Beamsville area

    Sold Units

    24
    Units were Sold over the past twelve months

    Rented Units

    28
    Units were Rented over the past twelve months

    Best Value Rank

    Utopia Condominiums offers the
    ?
    N/A
    best value out of 7 condos in the Beamsville neighbourhood

    Appreciation Rank

    Utopia Condominiums has the
    ?
    N/A
    highest ROI out of 7 condos in the Beamsville neighbourhood

    Rental Yield

    Utopia Condominiums yields the
    ?
    N/A
    highest rent prices out of 7 condos in the Beamsville neighbourhood

    High Demand

    Utopia Condominiums is the
    ?
    N/A
    most popular building out of 7 condos in the Beamsville neighbourhood

    Transaction Insights at 5055 Greenlane Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$360,000 - $410,500$380,000 - $460,000$508,000No Data
    Avg. Cost Per Sqft$695$691$707No Data
    Avg. Wait for Unit Availability46 Days26 Days372 DaysNo Data
    Ratio of Units in Building35%50%9%8%

    Unit Sales vs Inventory

    Total number of units listed and sold in Beamsville