1185 Lichen Avenue, Orleans - Cumberland and Area

$629,900
1185 Lichen Avenue

$629,900

New
16d
Att/Row/Townhouse2-Storey

1185 Lichen Avenue, Orleans - Cumberland and Area

Total Monthly Obligation $3,240

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
16d
Score
20
Yield
5.1%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Att/Row/Townhouse
MLS® Number-X13870846
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-16.14 × 116.7 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$3,892.62 (2026)
Parking-3 - Built-In
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-1118 - Avalon East
Title-Residential Freehold

No agent assigned

Welcome to 1185 Lichen Avenue - a beautifully updated END UNIT 3 bedroom, 2 bathroom townhome situated on a large pie-shaped lot with NO REAR NEIGHBOURS! Beautiful curb appeal and a brick façade welcome you into the bright foyer with a large closet and garage access, offering your first glimpse of the gleaming hardwood floors that flow throughout the main and second levels. At the front of the home, the spacious living and dining areas are filled with natural light and seamlessly connect to the renovated kitchen featuring white cabinetry, subway tile backsplash, black fixtures, stainless steel appliances, ample cabinet and counter space, and a window above the sink overlooking the backyard. At the rear, the gorgeous eating area features vaulted ceilings and patio doors leading to the fully fenced backyard, complete with a great-sized deck for BBQing, interlock patio and plenty of green space for kids and pets! A convenient renovated partial bathroom completes the main level. Upstairs, the spacious primary bedroom features a walk-in closet and a cheater door to the full bathroom with a beautiful vanity and tiled tub/shower combo. Two additional generously sized bedrooms provide plenty of space for family, guests or a home office. The finished basement offers a versatile family room, dedicated laundry area and plenty of storage. Amazing location just steps to schools, parks and Portobello Plaza, and only minutes from all the amenities along Innes Road. Simply move in and enjoy! *SOME PICTURES ARE VIRTUALLY STAGED*

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

Closing Costs

Mortgage Amount
$503,920
Land Transfer Taxes$9,073
Legal Fees (Est.)
$
Total cash required for closing$136,553

Total Monthly Obligation

$3,240/mo
Mortgage $2,541
Monthly Loss $2,572
Principal$669
Interest$1,872
Property Tax$324
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,088/yr
NOI
$20,487/yr
Net Cash Flow
-$834/mo
Cash Margin
-31.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
25.5/ 100

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

Comparables

Properties near 1185 Lichen Avenue

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