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$480K · 2 bed Condo Apartment · Unit 533, 5055 Greenlane Road, Lincoln, Ontario L0R 1B3 | HomeSearchCanada

$479,999

Unit 533

16 DOM

2216d

Map

DOM 16

↓ $47.52M

$479,999

↓ $47.52M

DOM16days

Unit 533

5055 Greenlane Road · Lincoln · Ontario L0R 1B3

MLS® X13695434 · 981 - Lincoln Lake · L0R 1B3

22OwnerOccupied700-799 ft²Condo ApartmentNoneNo basement16d$640/ft²$2,992 tax/yrBuilt 20233 yrs oldNo basement

16 days on market

About this home

Great opportunity to own a spacious Main Floor 2 Bedroom + 2 Bath! Comes with 1 underground parking spot, 1 storage locker and a state of the art Geothermal Heating and Cooling system which keeps the hydro bills low!!! Enjoy the open concept kitchen and living room with stainless steel appliances, a breakfast bar and two cozy bedrooms. Primary bedroom with a four piece ensuite. The condo is complete with a 4piece bathroom, in-suite laundry, and a private terrace with unobstructed views of the co…

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Property details

MLS#: X13695434
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 6
Kitchens: 1
Size: 700-799Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: 2023

Occupancy: Owner Occupied
Washrooms: 4 pc · Main; 4 pc · Main
Family room: Family room
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: GC

Foundation: Poured Concrete
Property features: Lake Access, Marina, Park, Place Of Worship, Rec./Commun.Centre, School

View: Meadow

Condo corp #: 339
Balcony: Open
Locker: Ensuite+Exclusive
Association amenities: Elevator, Exercise Room, Game Room, Gym, Party Room/Meeting Room, Rooftop Deck/Garden
Fees include: Heat Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Aluminum Siding, Stone · Controlled Entry, Landscaped, Porch
Fronting on: —
Cross street: Ontario St
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Laundry level: Main Level
Interior: On Demand Water Heater, Primary Bedroom - Main Floor, Storage, Storage Area Lockers
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $47.52MPrice reduction

MLS shows the seller reduced the asking price by $47,519,901 (from $47,999,900 to $479,999).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: ROYAL LEPAGE MACRO REALTY

Source: TRREB/PROPTX · MLS® X13695434

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$480K

Unit 533 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $479,999✓ $2,992 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,357/mo

incl. closing costs (yr 1)

Annual total

$52,286

year 1

Mortgage only

$1,821/mo

principal + interest

Beyond mortgage

$1,572/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$96,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$249/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,800/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$41/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,075

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $21,852/yr

Property taxes17% $9,067/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,800/yr

Condo fees11% $5,907/yr

Closing costs10% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$21,852	$1,821/mo
Government & taxes
Property tax	$2,992	$249/mo
Land transfer tax(closing)	$6,075	$506/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,800	$400/mo
Condo fees
Condo / HOA fees	$5,907	$492/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$52,286	$4,357/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 533

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs