34694 Richmond Street Lucan Biddulph (Lucan), Ontario N0M 2J0
$1,900,000
Introducing 34694 Richmond Street, a versatile mixed-use property offering both residential comfort and commercial opportunity. Situated on a high-visibility site with excellent access, this property is ideally located in a rapidly growing area just north of Lucan.The residential home generates $2,500 per month in rental income, with a reliable tenant who manages utilities and maintains the property, including grounds upkeep. Recent upgrades such as new lighting, modernized flooring, and a refreshed bathroom enhance the living space. The master suite includes a walk-in closet and a private ensuite, creating a peaceful retreat. Multiple bedrooms, a spacious basement, and an attached garage provide additional living and storage options.The commercial section includes a large, heated workshop currently divided into three units, generating $6,000 in monthly rental income. Additionally, there is a vacant unit available, providing the potential for further rental income or personal use. The property is also equipped with truck bays, offering even more versatility for future tenants or business operations. With space for further developmentsuch as adding storage unitsthis property offers significant growth potential.Also included is a turnkey office building spanning 3,036 square feet, currently rented, adding to the property's diverse income streams.With a total monthly income of $11,500 and the potential to generate more, this property offers immediate returns with room for expansion. Located in a thriving area with increasing demand, the property is conveniently close to local amenities and major roadways. Agricultural zoning adds further versatility for future development.Whether you're seeking a valuable investment asset or a property with diverse income streams, 34694 Richmond Street provides a prime opportunity in an area poised for continued growth. (id:55093)
Property Details
| MLS® Number | X9302465 |
| Property Type | Retail |
| Community Name | Lucan |
| ParkingSpaceTotal | 30 |
Building
| BathroomTotal | 7 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 3.67 Ac |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Septic System |
| SizeDepth | 330 Ft ,8 In |
| SizeFrontage | 367 Ft ,9 In |
| SizeIrregular | 367.83 X 330.7 Ft |
| SizeTotalText | 367.83 X 330.7 Ft |
| ZoningDescription | M2-3 |
https://www.realtor.ca/real-estate/27372934/34694-richmond-street-lucan-biddulph-lucan-lucan
Interested?
Contact us for more information
Justin Konikow
Salesperson
302-200 Villagewalk Boulevard
London, Ontario N5X 0A6
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 05 2024 09:22:17
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
