121 Addison Avenue, Lucan Biddulph

$819,900
121 Addison Avenue

$819,900

New
7d
Detached2-Storey

121 Addison Avenue, Lucan Biddulph

Total Monthly Obligation $3,682

Beds
3
Baths
4
Park
2
Sqft
1500-2000
DOM
7d
Score
19
Yield
4.2%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X14086406
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-42.74 × 110.14 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Move In Ready
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

**OPEN HOUSE SAT & SUN 1-3pm // Welcome to The Oakley by Robinson Carpentry, located in the exciting Timber Ridge subdivision in Lucan - a growing community just 20 minutes to North London and Masonville. This beautifully designed new build home offers the perfect combination of small-town living with convenient access to city amenities. Offering 1,776 sq ft of thoughtfully designed living space, this home features impressive curb appeal and a bright open-concept main floor perfect for everyday living and entertaining. The spacious kitchen, dining, and living areas flow seamlessly together while being comfortably set back from the front entry. A convenient mudroom off the garage adds functionality and storage for busy households. The highlight of the home is the stunning primary bedroom retreat, featuring his and hers closets and a luxurious 5-piece ensuite with a relaxing soaker tub. Every Robinson Carpentry home comes complete with all appliances included, an owned on-demand hot water heater, and a uniquely styled metal clad garage, offering durability and low-maintenance convenience. Located in one of Lucan's newest subdivisions, Timber Ridge is a fantastic opportunity to get into a growing community close to schools, parks, and local amenities, while still being a short drive to the shopping, dining, and services of North London and Masonville. Experience quality craftsmanship and modern living with The Oakley by Robinson Carpentry in Timber Ridge. Taxes and assessed value to be determined. List price reflects the Government HST rebate. HST is included, with all eligible rebates assigned to the builder. Purchase price is subject to buyer qualification for applicable rebates.

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

Closing Costs

Mortgage Amount
$655,920
Land Transfer Taxes$12,873
Legal Fees (Est.)
$
Total cash required for closing$178,353

Total Monthly Obligation

$3,682/mo
Mortgage $3,307
Monthly Loss $2,812
Principal$870
Interest$2,437
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.5%32
10-Year IRR
10.1%
Returns Index
17.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,200/yr
NOI
$26,280/yr
Net Cash Flow
-$1,117/mo
Cash Margin
-39.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.1/ 100

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

Comparables

Properties near 121 Addison Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.