189 GIBSON Crescent, Lucan Biddulph

$579,900
189 GIBSON Crescent

$579,900

New
24d
DetachedBungalow-Raised

189 GIBSON Crescent, Lucan Biddulph

Total Monthly Obligation $2,986

Beds
4
Baths
2
Park
4
Sqft
700-1100
DOM
24d
Score
22
Yield
5.8%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X13842092
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-52.17 × 102.13 ft
Listed on site-Sep 29, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-16-30
Taxes-$3,259 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

Beautifully refreshed and vacant for immediate possession, this move-in ready raised bungalow offers nearly 1,850 sq. ft. of finished living space in one of Lucan's most desirable family neighbourhoods, just a short walk to Wilberforce Public School.The bright main floor has been professionally updated with refinished kitchen cabinetry (2026), creating a fresh, modern feel. The open-concept living and dining areas flow seamlessly into the spacious kitchen, making it ideal for both everyday living and entertaining.Enjoy peace of mind with approximately $11,000 in major mechanical upgrades completed in 2023, including a high-efficiency furnace, heat pump, and Ecobee Smart Thermostat. A new rental hot water tank (2023 - $39/month) adds further value.The fully finished lower level features a spacious family room with a gas fireplace, a fourth bedroom, a full bathroom, and plenty of storage, providing flexible living space for families, guests, or a home office.Outdoor living is equally impressive, featuring a large entertainment deck with direct access to the fully fenced backyard, a private front concrete patio, mature landscaping, concrete walkways on both sides of the property, and a brand-new front storm door. Additional highlights include an attached double garage, private double driveway, central air, and flexible possession.Thoughtfully updated, exceptionally well maintained, and truly move-in ready, this is an outstanding opportunity for first-time buyers, growing families, or downsizers looking for comfort, efficiency, and exceptional value.

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$2,986/mo
Mortgage $2,339
Monthly Loss $2,370
Principal$616
Interest$1,724
Property Tax$272
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$33,600/yr
NOI
$22,481/yr
Net Cash Flow
-$466/mo
Cash Margin
-16.6%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
28.8/ 100

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

Comparables

Properties near 189 GIBSON Crescent

Time

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