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    1516 Lancaster Drive Townhomes

    1514-1558 Lancaster Drive

    1for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    2
    Number of Units:
    150
    Condo Completion:
    1979
    Condo Demand:
    Medium
    Unit Size Range:
    880 - 1,499 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for 1516 Lancaster Drive Townhomes

    Amenities

    Indoor Parking
    Visitor Parking
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1514-1558 Lancaster Drive1516 Lancaster Drive Townhomes

    1516 Lancaster Drive Townhomes is a Halton Region condo located at 1514-1558 Lancaster Drive in the Iroquois Ridge neighbourhood. The condo was completed in 1979 and features 150 units over 2 storeys. Halton Region condo for sale here range from 880 square feet, up to 1499 square feet.

    The Suites

    We’ve aggregated a number of stats at 1514-1558 Lancaster Drive. Here are some highlights: In the past 12 months, 5 units have sold, and 4 have been rented. Meanwhile, property values here have decreased by 9.29%.

    Units at 1516 Lancaster Drive Townhomes have a low likelihood of receiving more than one offer, and on average they sell for -6.66% below the listed price. Suites here have an average cost per-square-foot of $582 based on sales over the past 12 months, and the median time a unit spends on the market is 35 days.

    The Neighbourhood

    Living here means you’re just a 5-minute walk from Pizza Pizza, Harvey's and Swiss Chalet, making it easy to dazzle your taste buds without much effort. In the mornings, become a regular at McDonald's, a quick 5-minute walk from 1516 Lancaster Drive Townhomes.

    There are a number of grocery stores within a short drive, including Metro and East Indian Supermarket.

    There are plenty of parks nearby to keep your family busy, including Sheridan Hill Park, Golden Meadow Trail and Forest Glade Walkway, which are less than 12 minutes away by foot.

    There are plenty of nearby school choices — Holy Family Catholic Elementary School and St. Marguerite d'Youville Catholic Elementary School — with more in neighbouring areas so you can find the best school for your child’s needs.

    Transportation

    Transit users will need to trek a bit to Uptown Core Terminal, the nearest light transit stop.

    Anyone who isn’t sold on this development but loves the area, might want to check out 2004 Glenada Crescent, 1270 Gainsborough Drive and 1359 White Oaks Boulevard, which are similar condos in the area.

    1

    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    4/10
    Walkability
    You’ll occasionally stumble upon civilization. Keep an eye out for that elusive coffee shop!
    Unknown
    Transit
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,343
    Average Individual Income
    $66,222
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $108,926
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    35%
    High Rise Apartment
    32%
    Semi Detached
    16%
    Low Rise Apartment
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    89%
    Other
    6%
    Punjabi
    3%
    Urdu
    1%
    Tagalog
    1%
    Education
    High School
    31%
    College
    24%
    University and Above
    23%
    None
    14%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Personal, Protective & Transportation Services
    7%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    4%
    Physical Sciences
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at 1516 Lancaster Drive Townhomes spend an average of
    35
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    7.2
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 9 condos in the Iroquois Ridge area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    1516 Lancaster Drive Townhomes offers the
    ?
    best value out of 9 condos in the Iroquois Ridge neighbourhood

    Appreciation Rank

    1516 Lancaster Drive Townhomes has the
    ?
    highest ROI out of 9 condos in the Iroquois Ridge neighbourhood

    Rental Yield

    1516 Lancaster Drive Townhomes yields the
    ?
    highest rent prices out of 9 condos in the Iroquois Ridge neighbourhood

    High Demand

    1516 Lancaster Drive Townhomes is the
    ?
    most popular building out of 9 condos in the Iroquois Ridge neighbourhood

    Transaction Insights at 1514-1558 Lancaster Drive

    3 Bed3 Bed + Den
    Price Range$635,000 - $901,000$728,900
    Avg. Cost Per Sqft$635$615
    Avg. Wait for Unit Availability25 Days869 Days
    Ratio of Units in Building93%8%

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