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!
Address
195 Main Street
List Price
$824,999
MLS® Status
New
Expiration Date
2026-01-01
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
Lucan Biddulph
Sub-Area
Lucan
Region
Middlesex
Lot Depth
142.16
Lot Type
Building
Lot Size Units
Feet
Lot Width
45.83
Parcel Number
097000050
Total Building Area
3433
Occupant Type
Tenant
Cross Street
near Main street and water street
MLS® Number
X12189230
Listing Brokerage
EXP REALTY
Postal Code
N0M 2J0
Posession Details
Flexible
Tax Amount
$3,957.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
