174 Main Street Lucan Biddulph, Ontario N0M 2J0

2,255 ft2
Fully Air Conditioned Forced Air

$625,000

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. (id:28006)

Property Details

MLS® Number X13016016
Property Type Retail
Community Name Lucan
Amenities Near By Highway, Recreation

Building

Appliances Water Heater
Cooling Type Fully Air Conditioned
Heating Fuel Electric
Heating Type Forced Air
Size Interior 2,255 Ft2
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Recreation
Size Depth 1 Ft
Size Frontage 39 Ft ,1 In
Size Irregular 39.16 X 1 Ft
Size Total Text 39.16 X 1 Ft
Zoning Description C1

https://www.realtor.ca/real-estate/29624888/174-main-street-lucan-biddulph-lucan-lucan

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