128 Main Street, Lucan Biddulph

$499,900
128 Main Street

$499,900

New
4d
Detached2-Storey

128 Main Street, Lucan Biddulph

Total Monthly Obligation $2,738

Beds
1
Baths
1
Park
6
Sqft
3500-5000
DOM
4d
Yield
6.0%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
14.9%
Property Type-Detached
MLS® Number-X14096000
Beds-1
Bathrooms-1
Size-3500-5000 sqft
Lot Size-116.11 × 174.62 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,160 (2025)
Parking-6 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Stone, Concrete
Sewer-Sewer
Possession-immediate
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF LUCAN! 128 Main Street presents a unique opportunity for investors, developers, and builders looking to secure a well-positioned property in the growing community of Lucan. Situated along Main Street, this property offers excellent frontage, visibility, and accessibility. The value here extends beyond the existing dwelling, with the land, location, zoning, and future potential forming a significant part of the opportunity. With its MUR zoning and redevelopment potential, the property may lend itself to a variety of future possibilities for the right buyer. Whether considered as a redevelopment project, land investment, or longer-term hold, 128 Main Street provides an opportunity to capitalize on a prominent location within an expanding community. Located close to downtown amenities and surrounded by an established community experiencing continued growth, this is an opportunity for buyers with vision to explore what may be possible at this Main Street location. The existing dwelling is being offered by the Seller in "as-is, where-is" condition, with no warranties or representations.

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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,738/mo
Mortgage $2,016
Monthly Loss $2,207
Principal$531
Interest$1,486
Property Tax$347
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 128 Main Street

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.