Homula Realty Brokerage
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192 Water Street, Lucan Biddulph, ON N0M 2J0

Vacant Land
$199,900
Property tax
$600 / year

Rare opportunity to own a 0.36-acre R1-zoned lot in the heart of Lucan, just 15 minutes fromLondon. This generous 123 ft x 128 ft parcel offers excellent potential for future residentialdevelopment (subject to municipal approvals). Municipal services, including hydro, water,sewer, and natural gas, are available at the property line. Buyers are responsible forconducting their own due diligence with the Municipality of Lucan Biddulph regarding zoning,permitted uses, development potential, servicing, and all applicable approvals. The Sellermakes no representations or warranties regarding future development or permitted uses.

MLS number
X13630380
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0M 2J0
Photos
11
Laundry
Not in the unit
42days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Wilberforce Public School
Thames Valley DSB
Elementary457 m6.9 / 10
69% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 841 people.

$92,000Median household income
79.7%Own their home
81.8%Detached houses
37.6Median age
5.5%Born outside Canada
17.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390716 — the few blocks around this address, home to 841 people. It describes the area, not this property.

841Population
39Average age
2.5Household size
$106,000Average household income
$92,000Median household income
80%Own their home
20%Rent
0%Condominiums
6%Born outside Canada
18%University degree
$580,000Average home value
6%Low income
55%Not in the labour force
21%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9995%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over32%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99911%
$200,000 and over5%

Percentages are of the 465 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$39,980 · minimum here is $9,995
$885.11per month
Borrowed before insurance$159,920
Total borrowed$159,920
Interest over 25 years at 4.5%$105,614

If you rented it out

-$935.11per month out of pocket
Rent$0.00
Everything it costs to hold$935.11
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by GLOBAL BRICKS EXECUTIVE HOMES REALTY. Listing data provided by the Toronto Regional Real Estate Board.