$410K · 1+1 bed Condo Apartment · 981 - Lincoln Lake, Lincoln

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About this home

Welcome to Utopia Condos! Brand new, never lived in, spacious and sun-filled 1 bed plus den 1 bath unit located in the sought after Beamsville. This suite features an open concept living space, quality plank flooring, ensuite laundry, walk out to courtyard/terrace, parking & locker. Stylish kitchen offers stainless steel appliances, built-in microwave & breakfast bar. Building amenities include rooftop patio, party room, fitness studio & large outdoor courtyard. Close proximity to great schools,…

Property details

MLS#

X13108846

Status

Buy Now

Beds

1+1

Baths

1 full, 0 half

Size

500-599

Style

1 Storey/Apt

Type

Condo Apartment

Year built

—

Property features: Rec./Commun.Centre, Public Transit, Park

Condo corp #: 339
Balcony: Terrace
Locker: Owned
Association amenities: Exercise Room, Elevator, Party Room/Meeting Room, Visitor Parking, Rooftop Deck/Garden, Bike Storage
Fees include: Building Insurance Included, Parking Included, Common Elements Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Ground Source
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Ontario & Greenlane
Basement: None
Stories: 1
Utilities: —
Laundry: Ensuite
Interior: Primary Bedroom - Main Floor
Parking features: Underground

Level	Room	Dimensions
Flat	Kitchen	2.31m × 2.44m
Flat	Living Room	3.3m × 4.47m
Flat	Bedroom	2.77m × 3.23m
Flat	Den	1.83m × 2.21m

Level

Room

Dimensions

Flat

Kitchen

2.31m × 2.44m

Flat

Living Room

3.3m × 4.47m

Flat

Bedroom

2.77m × 3.23m

Flat

Den

1.83m × 2.21m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $409,900✓ $2,577 tax✓ Ground Source✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,777/mo

incl. closing costs (yr 1)

Annual total

$45,325

year 1

Mortgage only

$1,555/mo

principal + interest

Beyond mortgage

$1,374/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$81,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$215/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo · assumes gas heat

Ground Source$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%$4,099/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)$32/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,673

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $18,660/yr

Property taxes16% $7,250/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $4,099/yr

Condo fees10% $4,656/yr

Closing costs11% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,660	$1,555/mo
Government & taxes
Property tax	$2,577	$215/mo
Land transfer tax(closing)	$4,673	$389/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Ground Source	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,099	$342/mo
Condo fees
Condo / HOA fees	$4,656	$388/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	$45,325	$3,777/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 136

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