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.
Address
174 Main Street
List Price
$625,000
MLS® Status
New
Expiration Date
2026-09-17
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Lucan Biddulph
Sub-Area
Lucan
Region
Middlesex
Lot Size Source
GeoWarehouse
Lot Depth
1
Lot Type
Lot
Lot Size Units
Feet
Lot Width
39.16
Parcel Number
097010043
Total Building Area
2255
Occupant Type
Tenant
Cross Street
Alice, William
MLS® Number
X13016016
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement
Yes
Postal Code
N0M 2J0
Posession Details
30-60
Tax Amount
$1,400.00
Tax Year
2025
Site Influences
Major Highway, Recreation/Community Centre
Community Features
Major Highway, Recreation/Community Centre
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Electric Forced Air
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LTS 158 & 159, PL 188 , PART 1, 2, 3 & 4 , 33R8512 , S/T & T/W 822174 ; LUCAN BIDDULPH TWP.
Security Features
No
