509 Lucent Street, Russell

$799,900
509 Lucent Street

$799,900

New
24d
Detached2-Storey

509 Lucent Street, Russell

Total Monthly Obligation $3,988

Beds
4
Baths
4
Park
4
Sqft
1500-2000
DOM
24d
Score
19
Yield
4.9%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X13840038
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-15.25 × 109.82 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,641.31 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-601 - Village of Russell
Title-Residential Freehold

No agent assigned

Modern, turnkey & thoughtfully upgraded, this 3+1 bedroom, 3.5 bath single family home (the Terracotta model by Melanie Construction) offers a fresh, polished feel with plenty of warmth & personality. Set in Sunset Flats in the heart of Russell, the home welcomes you with a bright open-concept main level where hardwood flooring, large windows & stylish finishes create an easy, inviting flow. A number of thoughtful upgrades & custom additions elevate the home, including added dining room cabinetry, built-in cabinetry & shelving flanking the fireplace mantle, two entrance cubby areas with additional woodwork & cabinetry, hardwood staircases to both the upper & lower levels, & updated lighting throughout. The kitchen is a standout with crisp cabinetry, generous counter space, breakfast bar seating & all appliances. Anchored by a gas fireplace feature wall, the living room is the perfect spot to relax or entertain. A dedicated main-floor office/den adds valuable work-from-home space, while a powder room completes this level. Upstairs, the spacious primary suite feels like a true retreat with two closets, including a walk-in, & a bright 4-piece ensuite with separate tub & shower. Two additional well-sized bedrooms, one with its own walk-in closet, share the full family bathroom. The finished lower level, with luxury vinyl flooring, continues the home's clean, fresh style & adds a generous recreation room, fourth bedroom & bathroom, creating excellent flexibility for guests, teens, movie nights, a gym or additional workspace. Outside, a deck extends the living space into the large, fully fenced backyard with plenty of room for kids, pets, entertaining or simply enjoying the outdoors. An insulated double-car garage adds even more function. Located on a quiet, family-friendly street just steps from the fitness trail and close to parks, local shops & Russell's future sports complex!

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

Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$3,988/mo
Mortgage $3,227
Monthly Loss $3,139
Principal$849
Interest$2,378
Property Tax$387
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.1/ 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
$39,000/yr
NOI
$25,959/yr
Net Cash Flow
-$1,063/mo
Cash Margin
-32.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.9/ 100

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

Comparables

Properties near 509 Lucent Street

Time

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