5366 King St
Lincoln, L0R 1B3
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4 + 4
BEDROOMS4
BATHROOMS2 + 2
KITCHENS16
ROOMSX4072411
MLSIDContact Us
Property Description
Rare Investment Opportunity! Legal 4Plex Tucked Into The Niagara Escarpment Along Wine Route In An Area Recognized By R.E.I.N. As One Of The Top 10 Places To Invest In Ontario & Offering Potential 5.34% Cap Rate. Complete With 4-2 Bedroom Units, Coin Operated Washer&Dryer, Parking For 10, Interconnected Fire Alarm System & Recently Built Shed/Workshop All Tucked Into The Picturesque Ravine Escarpment Setting.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-22 | 2024-03-26 | 125 | $1,049,900 | - | Terminated |
Extras
4 Refrigerators, 4 Stoves, 1 Coin Operated Washer, 1 Coin Operated Dryer
Property Features
Bush, Clear View, Ravine, River/Stream, Rolling, Sloping
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Property Details
Street
City
Property Type
Fourplex, Bungalow-Raised
Approximate Sq.Ft.
3000-3500
Lot Size
113' x 240'
Acreage
.50-1.99
Lot Irregularities
240 X 271 X 125 X 112
Fronting
South
Taxes
$4,713 (2017)
Basement
Finished, Walk-Up
Exterior
Concrete, Stone
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Front Yard
Garage Type
None
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Lincoln Market Statistics
Lincoln Price Trend
5366 King St is a 4-bedroom 4-bathroom home listed for sale at $649,000, which is $741,000 (53.3%) lower than the average sold price of $1,390,000 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 4 bedroom home in Lincoln increased by $450,000 (47.9%) compared to the previous 30 day period (February 9 - March 9) and up $370,000 (36.3%) from the same time one year ago.Inventory Change
There were 8 4-bedroom homes listed in Lincoln over the last 30 days (March 10 - April 8), which is down 20.0% compared with the previous 30 day period (February 9 - March 9) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Lincoln typically sold ($24,450) (1.8%) below asking price over the last 30 days (March 10 - April 8), which represents a $35,450 decrease compared to the previous 30 day period (February 9 - March 9) and ($24,900) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Lincoln over the last 30 days (March 10 - April 8) stood at 125.0%, up from 30.0% over the previous 30 days (February 9 - March 9) and up from 87.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Lincoln stood at 21 days when successfully sold over the last 30 days (March 10 - April 8), compared to 123 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
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