15 NICHOLSON Street, Lucan Biddulph

$749,900
15 NICHOLSON Street

$749,900

New
15d
Detached2-Storey

15 NICHOLSON Street, Lucan Biddulph

Total Monthly Obligation $3,817

Beds
4
Baths
4
Park
4
Sqft
2000-2500
DOM
15d
Score
22
Yield
5.9%
Cash on Cash
1.4%
Cap Rate
4.9%
5Y IRR
16.6%
10Y IRR
15.5%
Property Type-Detached
MLS® Number-X13880172
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-95.43 × 130.79 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$5,005 (2026)
Parking-6 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Lucan
Title-Residential Freehold

No agent assigned

Welcome to 15 Nicholson Street in the thriving community of Lucan, where modern design, quality finishes, and a functional layout come together to create the perfect place to call home. This custom designed two-storey home offers an ideal balance of comfort, style, and space for everyday living and entertaining.Step inside to a spacious foyer leading into a bright, open-concept main floor featuring 9-foot ceilings, oversized windows, and an inviting living room complete with an electric fireplace. The well-appointed kitchen showcases granite countertops, ample cabinetry and workspace, and flows seamlessly into the dining and living areas. A convenient main-floor laundry and mudroom, along with a powder room, complete the thoughtfully designed main level.Upstairs, a versatile loft provides additional living space perfect for a home office, media room, or children's play area. Two generous secondary bedrooms share a beautifully finished 4-piece bathroom, while the spacious primary suite offers a private retreat complete with a walk-in closet and luxurious ensuite featuring an impressive oversized double shower.The fully finished basement adds even more valuable living space with a large recreation room, an additional bedroom, and a full bathroom, making it an excellent option for guests, teenagers, a home office, or extended family.Outside is where this property truly shines. The fully fenced backyard provides privacy and plenty of space for children and pets, while the covered back patio creates the perfect spot for outdoor dining, entertaining, or simply relaxing at the end of the day.Located in the growing community of Lucan, close to schools, parks, recreation, and everyday amenities, 15 Nicholson Street offers the space, functionality, and outdoor living you've been looking for-all within an easy commute to London.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,817/mo
Mortgage $3,025
Monthly Loss $3,021
Principal$796
Interest$2,229
Property Tax$417
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.6%3
5-Year IRR
12.8%56
10-Year IRR
12.8%
Returns Index
29.1/ 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
$44,400/yr
NOI
$30,455/yr
Net Cash Flow
-$487/mo
Cash Margin
-13.2%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
24.8/ 100

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

Comparables

Properties near 15 NICHOLSON Street

Time

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Data last updated within the past 24 hours.