155 Spencer Avenue, Lucan Biddulph

$777,777
155 Spencer Avenue

$777,777

Sold Conditional Escape
16d
Detached2-Storey

155 Spencer Avenue, Lucan Biddulph

Total Monthly Obligation $3,952

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
16d
Score
15
Yield
3.8%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-X13870778
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-26.29 × 129.92 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$5,271 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

Welcome to 155 Spencer Avenue in the heart of Lucan, offering over 2,600 sq. ft. of beautifully finished living space with exceptional multigenerational living potential. Ideally located directly across from Lucan's newest park featuring basketball, tennis and pickleball courts, greenspace, and a brand-new playground, this home is perfect for growing families.The bright, open-concept main floor showcases a spacious kitchen with quartz countertops, a premium Thermador gas range, ample cabinetry, and abundant natural light. Double patio doors lead to a private backyard featuring a stone patio, mature trees, established gardens, a full irrigation system, and plenty of room for a future pool. A convenient main floor laundry/mudroom offers direct access from the garage and to the lower level.Upstairs, you'll find three spacious bedrooms, a versatile bonus flex room ideal as a family room, office, or playroom, a 5-piece bathroom with quartz counters, and a relaxing primary retreat complete with a walk-in closet and spa-inspired ensuite. Designed with flexibility in mind, the finished lower level features a kitchenette with fridge and stove, bedroom, spacious living and dining area, spa-like bathroom, and laundry rough-ins. With a separate entrance available, this space offers excellent potential for a legal secondary suite, providing the perfect setup for extended family, rental income, or a mortgage helper. Offering premium finishes, functional living spaces, and outstanding income potential in one of Lucan's most desirable family-friendly locations, this is a home you'll want to see.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,644($17,422 CMHC)
Land Transfer Taxes$12,031
Legal Fees (Est.)
$
Total cash required for closing$169,086

Total Monthly Obligation

$4,039/mo
Mortgage $3,225
Monthly Loss $3,191
Principal$849
Interest$2,376
Property Tax$439
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-13.2%0
5-Year IRR
4.1%8
10-Year IRR
6.7%
Returns Index
6.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$29,400/yr
NOI
$16,689/yr
Net Cash Flow
-$1,834/mo
Cash Margin
-74.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
82.2%14
Vacancy Buffer
2.4 mo38
Risk Index
18.6/ 100

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

Comparables

Properties near 155 Spencer Avenue

Time

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Data last updated within the past 24 hours.