174 MAIN STREET
Lucan Biddulph (Lucan), Ontario
MLS® X13016016
$625,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13016016
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 19Listing description
Don't miss this great investment opportunity in the heart of the Lucan, 15 mins North of London. This mixed use commercial and residential property is located in a prime location on Richmond St. /Hwy 4 with ample road and foot traffic.
C1 commercial zoning with 2 commercial units on the main and 1 residential (2 bed) in the upper (total sqft 2255) - all fully rented with an approximate cap rate of 8%. Unit 1 operating as a Barber Shop and unit 2 operating as a Pet Food Store. There are 6 parking spots with the property along with road parking and a public parking lot across the street.
2 heat pumps recently installed, 1 for upper, 1 for main. All new windows in the upper residential unit. Have your mortgage paid while living upstairs and renting the downstairs or simply add this entire property to your investment portfolio.
Don't miss your chance to capture the energy in this vibrant growing town.
Property summary
- MLS® number
- X13016016
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Square footage
- 2,255 sq ft
- Land size
- 39.16 x 1 FT
- Annual property taxes
- $1,400.00
- Days on market
- 131 days
Features & details
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Appliances
- Water Heater
What would this home cost you?
Based on the $625,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX CENTRE CITY REALTY INC., LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.