195 Water Street, Lucan Biddulph, ON

$599,700
MLS#:X8421028
5 beds
2 baths
1500-2000 sqft
8.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 20, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Lucan. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $599,700 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 49.83 x 113.52 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available
  • Notable attributes: Water Heater Owned, Upgraded Insulation
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

PREMIUM VALUE IN LUCAN, ON | COMPLETELY GUTTED & RE-BUILT | FUNDEMENTALLY, A NEW HOME! Here's a sweet 5 bedroom charmer in Lucan, fresh off a complete & total overhaul, tucked away on Water St but still walking distance to everything you need. If you're looking to get into Lucan at a reasonable price but with a house & property that DO NOT NEED THING, this is the spot! From the electrical, plumbing, windows & HVAC (Furnace, A/C, Hot Water Tank) to the insulation & structural reinforcements throughout this timeless century layout, EVERYTHING IS NEW! This beauty has been fully re-built to modern standards & is just waiting for a lifetime of family memories with it's 5 bedrooms & surprisingly generous open-concept main living area. Truly though, it's the higher-end & unique level of finishing that sets this home apart from other offerings for detached homes in Lucan in the same price range. The craftsmanship & attention to detail on this top to bottom renovation are legitimately impeccable, absolutely perfect around every corner. The quality is palpable, from the coffered wainscoting on the walls, the tray ceilings, & the shiplap features to the arched double wood doors leading to the covered/uncovered sundeck & the brilliant integration of the original oversized pocket slider door circa the 1880s. The new kitchen doesn't miss a beat either, featuring sealed butcher block countertops, a proper range hood, tons of cabinet space w/ the additional espresso counter in the dining area plus a semi-walk in pantry. The 2 good sized main level bedrooms are great for growing families who would still like to see the kids on the same level or retirees who would rather save the upstairs for guests. The main level laundry is also a bonus, & each level of the home is serviced by a stellar well-appointed FULL bathroom, with the upstairs bath servicing 3 additional bedrooms! Outdoors, you get loads of parking + a HUGE backyard that's already partially fenced-in!

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Property Summary

This detached home located at 195 Water Street, Lucan Biddulph is currently for sale and has been available on SousaSells for 768 days. This property is listed at $599,700 with an estimated mortgage of $1,996* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 195 Water Street, Lucan Biddulph is in the Lucan neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 20, 2024
Sold price information is available to members only
Listed Date6/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionAluminum Siding, Vinyl Siding
BasementCrawl Space
Lot Size49.83 × 113.52 Feet
CountyMiddlesex
Annual Tax$2,123.23
Legal DescriptionLT 47, PL 187 ; LUCAN BIDDULPH TWP.

Parking & Garage

Parking Spaces8.0
Garage Spaces8
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, Place Of Worship, Other, Park

Interior Features

Water Heater Owned, Upgraded Insulation

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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195 Water Street, Lucan Biddulph, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 195 Water Street, Lucan Biddulph, ON N0M 2J0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Lucan Biddulph.

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Interest Rate4.00%
Down Payment$179,910 (30.0%)
* Minimum Canadian down payment required for this price is $34,970.
Amortization Period30 Years
Estimated Monthly Payment$1,996Based on a loan of $419,790 over 30 years.
Purchase Price$599,700
Loan Amount$419,790
Provincial Land Transfer Tax:$8,469
Total Estimated Closing Taxes:$8,469

About Purchasing a Home in Lucan Biddulph, ON

For a property listed at $599,700 in Lucan Biddulph, the legal minimum down payment is $34,970 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,469 for this transaction. As this listing is in Lucan Biddulph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,469.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Lucan, Lucan Biddulph.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$701,794

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.