122 Addison Avenue, Lucan Biddulph

$684,070
122 Addison Avenue

$684,070

New
7d
Detached2-Storey

122 Addison Avenue, Lucan Biddulph

Total Monthly Obligation $3,134

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
7d
Score
26
Yield
5.8%
Cash on Cash
3.8%
Cap Rate
5.4%
5Y IRR
18.6%
10Y IRR
17.1%
Property Type-Detached
MLS® Number-X14086412
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-41.43 × 110.14 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-To Be Built
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

TO BE BUILT / 5 PC APPLIANCE PACKAGE INCLUDED. Welcome to The Elanor by Robinson Carpentry, a beautifully designed family home located in the exciting Timber Ridge subdivision in Lucan - a growing community just 20 minutes to North London and Masonville. Offering 1,722 sq. ft. of thoughtfully planned space, this 3 bedroom, 2.5 bathroom home is designed for the way families live today. Large windows throughout fill the home with natural light, creating a warm and inviting atmosphere from the moment you walk in. The open-concept main floor is perfect for entertaining, whether you're hosting family dinners, summer BBQs with friends, or enjoying quiet evenings at home. The spacious kitchen flows seamlessly into the dining and living areas, making it easy to stay connected while cooking, gathering, and making memories. Step outside and picture kids playing in the backyard, evenings around the grill, and enjoying your outdoor space. Upstairs, the primary suite offers a private retreat complete with a walk-in closet and ensuite, while two additional bedrooms and second-floor laundry provide convenience for busy families. Additional features include quartz countertops, custom cabinetry, central air, HRV system, tankless water heater (owned), 5-piece appliance package, attached garage with mudroom entry, and full Tarion warranty coverage. Enjoy the charm of small town living while still being within easy driving distance to nearby communities, schools, and amenities. Taxes and assessed value yet to be determined. Already Constructed model ready for viewings at 99 Victoria ave in Crediton.

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

Closing Costs

Mortgage Amount
$547,256
Land Transfer Taxes$10,156
Legal Fees (Est.)
$
Total cash required for closing$148,470

Total Monthly Obligation

$3,134/mo
Mortgage $2,759
Monthly Loss $2,408
Principal$726
Interest$2,033
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.3%6
5-Year IRR
14.5%68
10-Year IRR
14.1%
Returns Index
35.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
-$164/mo
Cash Margin
-5.0%2
Cash Flow Index
1.8/ 100
Risk Profile
Weight: 20%
DSCR
0.9422
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
30.4/ 100

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

Comparables

Properties near 122 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.