195 MAIN STREET, Lucan Biddulph (lucan), ON N0M2J0

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Katie VanNes

katie@mostreferred.expert +1(604) 855-8228

$ 799,000

Est. payment | -/mo

6 Beds

4 Baths

3,000 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

6 Beds

4 Baths

3,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $266

Subdivision Lucan

MLS® Listing ID X12506676

Bedrooms 6

Source Toronto Regional Real Estate Board

Property Description

We are super excited to present this rare 4-plex opportunity in the thriving and sought-after town of Lucan! Whether you're an investor looking for a solid income property or a buyer hoping to offset your mortgage, this versatile building is packed with potential. This unique property features three 1-bedroom units ranging from 550 to 650 finished square feet and a spacious 3-bedroom 2 bathroom (including an ensuite) apartment with 1,571 sq. ft. of finished living space, plus an additional 375 sq. ft. in the basement. The possibilities are endless thanks to the commercial zoning, which allows for a wide variety of uses. Live in the large 3-bedroom unit and rent out the remaining apartments, or lease out all four for maximum income. The current scheduled gross annual income is $62,748, making this an attractive investment from day one. A garage and basement storage add even more value for the owner. Located just 20 minutes from London and a short drive to Grand Bend, Lucan has become a highly desirable place to live and invest. The town offers a full suite of amenities, including a brand-new grocery store, McDonald's, Dollarama, and the ever-popular Chuck's Roadhouse. It's also well-known as a great place to raise a family, with multiple parks, soccer fields, baseball diamonds, and a vibrant community centre and arena. This is a rare chance to own a strong income-generating property in a growing community with incredible future upside. With flexible zoning, strong rental income, and a fantastic location, this property checks all the boxes. Don't miss your chance, book your private showing today and explore all the ways this exceptional property can work for you! (id:24570)

Location

Province ON

Rooms

Kitchen 4.0

Extra Room 1 Second level 10 m X 12 m Bedroom

Extra Room 2 Second level 10 m X 10 m Bedroom 2

Extra Room 3 Second level 12 m X 10 m Bedroom 3

Extra Room 4 Second level 15 m X 9 m Kitchen

Extra Room 5 Ground level 18 m X 10 m Bedroom

Extra Room 6 Ground level 10 m X 9.5 m Bedroom

Interior

Heating Baseboard heaters

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Listed by EXP REALTY

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

195 MAIN STREET Lucan Biddulph (lucan), ON N0M2J0