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    5055 Greenlane Road

    Utopia Condominiums
    0for Sale
    0for 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

    Listing History for Utopia Condominiums

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    Amenities

    Party Room
    Visitor Parking
    Gym Room
    Games Room
    Indoor Parking
    Rooftop Deck

    Maintenance Fees

    Included
    Heat
    Excluded
    Hydro
    Air Conditioning
    Water

    About 5055 Greenlane RoadUtopia 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 -2.88% 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 $630 and units sell with 39 days on market on average. Over the past 12 months, 20 have sold and 23 have have been rented here.

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    Similar condos

    Maintenance Fees

    Utopia Condominiums vs The Beamsville Area

    Days on Strata

    Units at Utopia Condominiums spend an average of
    39
    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

    -3%
    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

    20
    Units were Sold over the past twelve months

    Rented Units

    22
    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 - $425,000$490,000 - $508,000$490,000
    Avg. Cost Per Sqft$702$697$644$585
    Avg. Wait for Unit Availability50 Days25 Days345 DaysNo Data
    Ratio of Units in Building34%50%9%8%

    Unit Sales vs Inventory

    Total number of units listed and sold in Beamsville