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Listed 4 months ago

5220-5226 Greenlane Road

981 - Lincoln Lake, Lincoln

$1,549,888

Detached|Bungalow
6 | 4 | 24
About this home

A unique 4.83-acre live/work agricultural property combining 2 detached renovated residential homes (Home 1 is approx. 1700 sq ft & Home 2 is 1400 sq ft) with a substantial greenhouse operation, just west of Lincoln's urban edge with convenient QEW access. Designed for those who want to live and run a business on the same site, it offers multiple income possibilities, established agricultural facilities, and room to expand over time.The residential component features 2 detached single-level brick bungalows, each offering 3 bedrooms and 2 full bathroom, with crawl space basements and attached garages. One home is further enhanced by an in-ground swimming pool, making the setup ideal for an owner-occupier, extended family, or rental use to help offset carrying costs, all within a short walk of the production facilities.The greenhouse complex, approximately 44,500 sq. ft., is configured for year-round production and consistent output. Heating is provided by a boiler system supplemented by upper and lower gas-fired heaters, with a generator connected to Enbridge gas to support continuous operation during power interruptions. The interior is organized into three distinct growing areas to accommodate different crops or stages of production and is managed by automated controls for climate and environmental conditions. Supporting structures include a dedicated cooler, packing area, loading and garage space, a private office connected directly to the greenhouse, and a separate staff lounge and lunch room, creating an efficient flow from cultivation through to shipping. Serviced by municipal water and natural gas, with a septic system and growing equipment included, this property presents an appealing opportunity for growers, agri-entrepreneurs, or investors seeking a diversified, income-producing agricultural asset.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$5,819
Lot Size498.64 ft x 541.75 ft
mls© NumberX13465204
Listed BySNOBAR REALTY GROUP INC.

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,933
Property tax
$485
Heat allowance
$150
Housing costs
$8,568 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $309,978
25-yr amortization

Income needed

$264,000

gross annual household income

Payment at 4%
$6,522 / mo
Cash down
$309,978

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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