132 Addison Avenue, Lucan Biddulph

$773,363
132 Addison Avenue

$773,363

New
21d
Detached2-Storey

132 Addison Avenue, Lucan Biddulph

Total Monthly Obligation $3,495

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
21d
Score
22
Yield
5.1%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X13856324
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-41.43 × 110.14 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Parking-4 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-To Be Built
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

HST Rebate Pricing / TO BE BUILT - The Heath Model by Morrison Homes, located in the sought-after Timber Ridge subdivision in Lucan. Offering 1,993 sq. ft. of beautifully finished living space, this home combines stylish design with smart, everyday functionality. From the moment you walk in, you will appreciate the spacious mudroom, thoughtfully designed for busy households. A standout feature is the convenient "grocery door" that leads directly into the pantry, making unloading groceries simple and efficient. The heart of the home is the stunning kitchen, complete with upgraded quartz countertops, ceiling-height custom cabinetry, and abundant prep space-perfect for both daily living and entertaining. The bright open-concept main floor seamlessly connects the living room, kitchen, and dining area, creating an inviting space for friends and family. Upstairs, the home continues to impress with three spacious bedrooms and a full bathroom, including a beautiful primary retreat with a walk-in closet and a private ensuite featuring a double vanity and an elegant tiled shower. The second level offers a comfortable layout with flexibility for growing families, guests, or a home office. Additional highlights include a two-car attached garage, modern finishes throughout, and the quality craftsmanship Morrison Homes is known for. Located in the growing Timber Ridge community, this home offers the perfect blend of comfort, style, and thoughtful design-ready for you to move in and enjoy. Taxes and assessed value yet to be determined. List price reflects the Government HST rebate. VISIT MODEL HOME at 119 Addison Ave. Lucan. Photos and video tour are of the HEATH MODEL HOME and are for illustration purposes only - Some finishes & upgrades shown may not be included in standard specs.

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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$618,690
Land Transfer Taxes$11,942
Legal Fees (Est.)
$
Total cash required for closing$168,115

Total Monthly Obligation

$3,495/mo
Mortgage $3,120
Monthly Loss $2,674
Principal$821
Interest$2,299
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.5%54
10-Year IRR
12.5%
Returns Index
28.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$39,600/yr
NOI
$31,140/yr
Net Cash Flow
-$525/mo
Cash Margin
-15.9%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
26.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 132 Addison Avenue

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