A Rare Bungalow on Leased Land in a Quiet Retirement Community

Property details for 3941 Bellwood Lane, Lincoln

Type: Residential
Style: Bungalow
Bedrooms: 1
Bathrooms: 3
Lot Size: Land Leased
Stories: 1
Basement: Partial
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Vinyl siding
Ownership: Leasehold
Annual Taxes: $3,700 (2026)

A Parkbridge Shiraz model, this spacious bungalow is bigger than most in the community. With 1,500 square feet of living space (if you include the finished basement), it has one bedroom upstairs, plus a den that can serve as a second bedroom, and three full baths. The main floor is open: a large kitchen with maple cabinets and stainless steel appliances flows into the dining area and a living room with two electric fireplaces. From there, step out onto a huge deck with iron railings and two gazebos, perfect for morning coffee or a summer dinner, and there's no one behind you. The primary suite is a real retreat, with a 5-piece ensuite and a walk-in closet. Downstairs, there's a family room with a gas fireplace and another bathroom. You get an attached garage and parking for up to three cars. Land lease is $2,500/month, which covers water and sewer. You're a quick drive to Ball's Falls Conservation Area, and schools like Beamsville District Secondary School are about 6 kilometers away. At $669,000, this is competitively priced for a bungalow this size in the area, though the lease adds to the monthly costs.

About 3941 Bellwood Lane, Lincoln — Property Score

Great Location Hot Market

Score: 66/100

Value

Priced 11.5% above area median of $599,900 based on 7 comparable properties nearby 53

Stable pricing - no price changes since original listing date 50

Size

1 bedroom - 2 fewer than similarly priced 3-bedroom homes nearby 36

3 bathrooms - 1 more than similarly priced properties nearby 72

Location

$60K median household income - below the Canadian average of $70K 60

85% of residents hold postsecondary credentials - a highly educated neighbourhood 92

92% homeownership rate - indicating a stable, owner-occupied community 95

72% of residents commute under 30 minutes - excellent commuter accessibility 88

1,243/km² population density - a well-balanced suburban area 82

Market

Just listed - area average is 104 days on market 100

+23.6% median price change over 1 month - rising prices in the area 100

74 months of housing supply - 74 active listings with 1 sold last month (buyer's market) 40

Features

3-car garage - area average is 6.7 spots 80

Partial basement - potential for additional finished space 70

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

3 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0.55% effective tax rate ($3,700/yr) - very low tax burden 84

+2.4% area price change year-over-year - modest growth in Lincoln 62

8% renter population - primarily owner-occupied area 39

Quality

Condition

Listing

39 photos provided - consistent with area listings 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.