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
$799,000
MLS® Status
New
Expiration Date
2026-01-05
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Lucan Biddulph
Sub-Area
Lucan
Region
Middlesex
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
10
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
142.16
Lot Size Units
Acres
Lot Width
40
Parcel Number
097000050
Occupant Type
Tenant
Cross Street
Water street & Main street
MLS® Number
X12506676
Listing Brokerage
EXP REALTY
Basement Area
Partially Finished
Postal Code
N0M 2J0
Posession Details
Flexible
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$4,107.00
Tax Year
2025
Interior Features
Accessory Apartment
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LTS 29 TO 32, PL 187, ASIN 420607; S/T & T/W 420607 ; S/T 246149 LUCAN BIDDULPH TWP.
Waterfront
No
Sewer
Sewer
