Primary photo of 174 MAIN STREET, Lucan Biddulph (Lucan)
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Residential Commercial Mix For Sale

$625,000

174 MAIN STREET

MLS® Number: X13016016

Floor Area

2,255

About This Property

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 Details

Interior Details

Appliances

Water Heater

Cooling

Fully air conditioned

Heating

Forced air, Electric

Living Area

2255 sqft

Land & Location

City Region

Lucan

Frontage Length

39.1 feet

Lot Size Dimensions

39.16 x 1 FT

Postal Code

N0M2J0

Listing & Financials

Listing Office

RE/MAX CENTRE CITY REALTY INC.

Originating System Name

London and St. Thomas Association of REALTORS®

Other Specifications

Country

Canada

Mortgage Calculator

20% ($125,000)
5.5%
25 Years

Estimated Monthly Payment

$3,070

Principal and interest only. Actual rates may vary.

Location & Map

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List Property174 MAIN STREET - Residential Commercial Mix for Sale in Lucan Biddulph (Lucan), Ontario | MLS® X13016016