For Sale · Land

22 - 1 MILLER DRIVE, Lucan Biddulph (Lucan)

22 - 1 MILLER DRIVE, Lucan Biddulph (Lucan), ON N0M2J0

$477,500 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

94%

About this property

Exceptional 3 bedroom freehold townhouse just steps from the elementary school! With over 1500sq ft of open concept living space, this layout provides the perfect place to call home. 3 bedrooms and 2 bathrooms upstairs, including the large primary bedroom with ensuite and walk in closet. Loads of cabinet and countertop space, plus a corner pantry and tiled backsplash in the kitchen. The unfinished basement is ready for your ideas. Located in the highly desirable community of Lucan, come and enjoy the quiet comfort of small town living. This amazing community offers everything you need. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$478K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$-5K

Cash-on-cash

-3.39%

DSCR

0.82

Going-in cap

4.52%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

117,908

Households

52,181

Median income

$113,500

Median age

36.8

Daytime population

154,503

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 22 - 1 MILLER DRIVE, Lucan Biddulph (Lucan).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.