Maintenance Fees
Utopia Condominiums vs The Beamsville Area
5055 Greenlane Road
1 / 9
Utopia Condominiums
0Listings for Salefor Sale
0Listings for Rentfor Rent
Building Highlights
Property Type:
Condo
Number of Storeys:
6
Number of Units:
276
Condo Completion:
2022
Condo Demand:
Low
Unit Size Range:
549 - 930 SQFT
Unit Availability:
Medium
Property Management:
Amenities
Rooftop Deck
Party Room
BBQs Allowed
Gym
Visitor Parking
Indoor Parking
Games Room
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 -2.68% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). Units in this complex are among the most expensive in the area with an average cost per-square-foot of $666 (based on past 12 months of sales). Units typically sell with 40 days on market on average. Over the past 12 months, 10 have sold and 14 have been rented here.
Maintenance Fees
Included in Fees
Heat
Not Included
Hydro
Air Conditioning
Water
Listing History for Utopia Condominiums
Oct 18, 2024 • 65 days on Strata
sold
$490,000Down from $499,900
113 - 5055 Greenlane Rd
2
2
1
860 Sqft
Oct 16, 2024 • 71 days on Strata
leased
$1,950Down from $2,050
339 - 5055 Greenlane Rd
1 + 1
1
1
578 Sqft
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Building Trends At Utopia Condominiums
Days on Strata
Units at Utopia Condominiums spend an average of
40
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 a
LOWchance of receiving
Multiple Offers
compared to other buildings in Beamsville
Turnover of Units
On average, each unit is owned for
N/A
Property Value
-2%
Decrease in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 10 condos in the Beamsville area
Sold Units
10
Units were Sold over the past twelve months
Rented Units
14
Units were Rented over the past twelve months
Best Value Rank
Utopia Condominiums offers the best value out of 10 condos in the Beamsville neighbourhood
?
N/A
Appreciation Rank
Utopia Condominiums has the highest ROI out of 10 condos in the Beamsville neighbourhood
?
N/A
Rental Yield
Utopia Condominiums yields the highest rent prices out of 10 condos in the Beamsville neighbourhood
?
N/A
High Demand
Utopia Condominiums is the most popular building out of 10 condos in the Beamsville neighbourhood
?
N/A
Market Insights
Transaction Insights at Utopia Condominiums
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $397,500 - $410,500 | $390,000 - $410,000 | $490,000 | $490,000 |
| Avg. Cost Per Sqft | $713 | $713 | $581 | $585 |
| Price Range | $1,750 - $1,950 | $1,850 - $2,200 | $2,150 - $2,250 | $2,200 - $2,400 |
| Avg. Wait for Unit Availability | 43 Days | 27 Days | 345 Days | No Data |
| Avg. Wait for Unit Availability | 40 Days | 20 Days | 81 Days | 147 Days |
| Ratio of Units in Building | 37% | 48% | 9% | 8% |
Market Inventory
Total number of units listed and sold in Beamsville
