106 Spencer Avenue, Lucan Biddulph

$839,000
106 Spencer Avenue

$839,000

Sold Conditional Escape
28d
Detached2-Storey

106 Spencer Avenue, Lucan Biddulph

Total Monthly Obligation $4,196

Beds
4
Baths
4
Park
5
Sqft
1500-2000
DOM
28d
Score
20
Yield
5.3%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-X13827770
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-66.83 × 114.94 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$5,242.38 (2025)
Parking-8 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Family Room
Pool-None
Facing-North
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

Welcome to this exceptional 3+1 bedroom, 4-bathroom two-storey home in a desirable Lucan community. With impressive curb appeal, a covered front porch, a spacious fully fenced backyard, and a rare 3-car garage, this home offers the space and style today's families are looking for. Inside engineered hardwood flooring flows throughout most of the main level, creating a warm and polished setting for everyday living. The open kitchen is both beautiful and functional, with solid white cabinetry, quartz countertops, stainless steel appliances, a large island, and a pantry. The adjoining eating area overlooks the backyard through extra-large sliding doors, bringing in plenty of natural light and creating an easy connection to outdoor living. The kitchen opens naturally to the inviting family room, where a gas fireplace framed by custom built-ins creates a comfortable place to gather. A main-floor office and 2-piece bath add welcome flexibility and convenience. Upstairs, the extra-wide staircase leads to three generous bedrooms, including a spacious primary retreat with a walk-in closet and a luxurious 5-piece ensuite. Enjoy a freestanding tub, double sinks, and a large glass walk-in shower. Second-floor laundry makes daily routines that much easier.The finished lower level offers even more room to relax and unwind, with a large recreation room, an additional bedroom, and a 3-piece bath with a glass shower. Central vacuum, epoxy garage flooring, and a convenient garage utility sink are thoughtful extras.Step outside to the covered stamped-concrete deck and enjoy the large, private backyard-perfect for entertaining, play, or simply relaxing at the end of the day. Permanent programmable exterior LED lighting along the eaves adds a striking finishing touch and makes seasonal decorating effortless. This move-in-ready home delivers an outstanding blend of comfort, quality, and space in a growing Lucan community.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$671,200
Land Transfer Taxes$13,255
Legal Fees (Est.)
$
Total cash required for closing$182,555

Total Monthly Obligation

$4,196/mo
Mortgage $3,384
Monthly Loss $3,306
Principal$891
Interest$2,494
Property Tax$437
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.1%43
10-Year IRR
11.4%
Returns Index
22.6/ 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
$44,400/yr
NOI
$30,218/yr
Net Cash Flow
-$866/mo
Cash Margin
-23.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
22.0/ 100

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

Comparables

Properties near 106 Spencer Avenue

Time

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