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Utopia Condos in Lincoln

5055 Greenlane Road, Lincoln

Total Units

5

For Sale

0

For Rent

32

Sold

71

Leased

$376K

Avg Price

42

Days (Sale)

30

Days (Lease)

OQ

OVAIS QASSIM

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Property Type:
Condo
Number of Units:
Condo Demand:
High
Unit Availability:
Low
Number of Storeys:
Condo Completion:
Unit Size Range:
500 - 999 SQFT
Property Management:
WILSON BLANCHARD

Market Overview

For-Sale Inventory

Highest Sale (12mo)

$445K

Lowest Sale (12mo)

$345K

Median Maintenance

$381/mo

Year Built

Utopia Market

Updated Aug 22, 2026
Condos
Median sale price
$374K
Median PSF (est.)▼ 7.9%
$599/sqft
Sold last 90 days
5
Active listings
5
Months of inventory
–
Avg days on market
46
Sale-to-list ratio
97.48%
Absorption rate
0.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 64.29% · End-user: 35.71% (from 5 sales, 9 leases)
Price reductions (90d)
Price-reduction rate: 20.00%
Avg reduction: $15,000 (3.85%)
Monthly reduction trend
2024-11: 0.0% (3 listings)
2025-06: 50.0% (6 listings) · avg $15,167
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $599 — +0.00% vs community avg ($599)[at_par]
Supply vs demand by unit type (90d)
Sample: 5 active listings · 5 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 2 active / 2 sold · mismatch +0.00%
2br: 3 active / 3 sold · mismatch +0.00%
3br: 0 active / 0 sold · mismatch +0.00%
Concession pattern by unit type (90d)
1br (11 sales) — 90.91% closed with concessions, avg 2.99% below ask
2br (14 sales) — 92.86% closed with concessions, avg 2.61% below ask
Seasonality (annual pattern)
Historically strongest months: Oct, Dec, Jul
Historically weakest months: Nov, Jun, Jan
Annual averages: DOM 41.9d · sale-to-list 97.48% (n=26)
Monthly detail
Jan · 1 sales · DOM 79.0d · STL 97.80%
Mar · 2 sales · DOM 38.5d · STL 98.83%
May · 4 sales · DOM 38.3d · STL 96.49%
Jun · 8 sales · DOM 49.5d · STL 97.43%
Jul · 3 sales · DOM 33.3d · STL 96.99%
Aug · 1 sales · DOM 42.0d · STL 98.74%
Oct · 2 sales · DOM 22.5d · STL 96.38%
Nov · 3 sales · DOM 44.7d · STL 98.11%
Dec · 2 sales · DOM 31.0d · STL 98.37%

Market Intelligence

Price per sqft analysis and trends

Utopia

Sale PSF

N/A

Lease PSF

N/A

981 - Lincoln Lake

Sale PSF

$715/sqft

1 sales

Lease PSF

$3.45/sqft/mo

1 leases

Lincoln

Sale PSF

$359/sqft

5 sales

Lease PSF

$3.45/sqft/mo

1 leases

Niagara

Sale PSF

$404/sqft

39 sales

Lease PSF

$3.00/sqft/mo

2 leases

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
UtopiaThis Building
——/mo——
981 - Lincoln Lake
7153.45/mo11
Lincoln
3593.45/mo51
Niagara
4043.00/mo392

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Parking & Locker Values

Parkingarea

Purchase

N/A

Monthly Lease

$27.1/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

BBQs Allowed
Bike Storage
Concierge
Elevator
Exercise Room
Game Room
Gym
Indoor Pool
Lap Pool
Media Room
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsHeatParkingWater

Building Reviews

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About Utopia Condos

Utopia is a premier condominium located at 5055 Greenlane Road, Lincoln. offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 108 units available at Utopia, with prices averaging around $376K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

Utopia stands out in Lincoln's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at Utopia, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.

Explore more real estate in the wider area: 981 - Lincoln Lake, Lincoln and the Niagara area.

Units for Sale at Utopia

Keywords: Utopia Lincoln Real Estate

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