Homula Realty Brokerage
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7966 Fallon Drive 18, Lucan Biddulph, ON N0M 1V0

2 beds · 2 baths · 1 kitchen · 7 rooms · 4 parking spaces · 1100-1500 sq ft · Laundry on the main level level · Detached
$558,786
Property tax
$3,842 / year

Welcome to this beautifully designed bungalow in the growing community of Granton. Built in 2024, this modern home offers 2 spacious bedrooms, 2 bathrooms, and approximately 1,277 sq. ft. of thoughtfully designed living space. Featuring an open-concept layout with a bright living and dining area, a family room, and main-floor laundry, this home is perfect for comfortable everyday living. The unfinished basement with a separate entrance offers excellent future development potential. Enjoy the convenience of an attached double-car garage with parking for up to four vehicles. Located close to major routes and everyday amenities, this property is an excellent opportunity for first-time buyers, downsizers, or investors.

MLS number
X13707204
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
N0M 1V0
Photos
27
Laundry
Main Level level
21days · 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

This address has been listed 6 times.

Sale history is for registered usersSee what this address sold for and when, across all 6 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 481 people.

$97,000Median household income
88.9%Own their home
94.3%Detached houses
37.2Median age
10.8%Born outside Canada
18.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390887 — the few blocks around this address, home to 481 people. It describes the area, not this property.

481Population
38.3Average age
2.7Household size
$98,000Average household income
$97,000Median household income
89%Own their home
11%Rent
0%Condominiums
11%Born outside Canada
18%University degree
$560,000Average home value
7%Low income
45%Not in the labour force
24%Never married
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9992%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over35%
$100,000 to $124,9998%
$125,000 to $149,99913%
$150,000 to $199,9998%
$200,000 and over6%

Percentages are of the 240 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.

$111,757 · minimum here is $30,879
$2,543.46per month
Borrowed before insurance$447,029
Default insurance premium, added to the loan$12,517
Total borrowed$459,546
Interest over 25 years at 4.5%$303,493

If you rented it out

-$2,863.63per month out of pocket
Rent$0.00
Everything it costs to hold$2,863.63
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 RE/MAX REAL ESTATE CENTRE INC.. Listing data provided by the Toronto Regional Real Estate Board.