Commercial/retail For Sale - 34694 Richmond St, Lucan Biddulph, Ontari

location_on 34694 Richmond St, Lucan Biddulph

Commercial/retail

34694 Richmond St

Lucan Biddulph, Ontario N0M 2J0

$1,900,000

For Sale

Property Information

Introducing 34694 Richmond Street, a versatile mixed-use property offering both residential comfort and commercial opportunity. Situated on a high-visibility site with excellent access, this property is ideally located in a rapidly growing area just north of Lucan.The residential home generates $2,500 per month in rental income, with a reliable tenant who manages utilities and maintains the property, including grounds upkeep. Recent upgrades such as new lighting, modernized flooring, and a refreshed bathroom enhance the living space. The master suite includes a walk-in closet and a private ensuite, creating a peaceful retreat. Multiple bedrooms, a spacious basement, and an attached garage provide additional living and storage options.The commercial section includes a large, heated workshop currently divided into three units, generating $6,000 in monthly rental income. Additionally, there is a vacant unit available, providing the potential for further rental income or personal use. The property is also equipped with truck bays, offering even more versatility for future tenants or business operations. With space for further development such as adding storage units this property offers significant growth potential. Also included is a turnkey office building spanning 3,036 square feet, currently rented, adding to the property’s diverse income streams.With a total monthly income of $11,500 and the potential to generate more, this property offers immediate returns with room for expansion. Located in a thriving area with increasing demand, the property is conveniently close to local amenities and major roadways. Agricultural zoning adds further versatility for future development.Whether you’re seeking a valuable investment asset or a property with diverse income streams, 34694 Richmond Street provides a prime opportunity in an area poised for continued growth.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X9302465
Price : $1,900,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 24
Address
Postal Code : N0M 2J0
City : Lucan Biddulph
Street : Richmond
Street Number : 34694
Street Suffix : St
Floor Number : 0
Longitude : W82° 32' 45.4''
Latitude : N43° 12' 51.7''
Features
Heating System : Elec Forced Air
Elevator : None
Parking : 30
Brokerage
Office Name : PRIME REAL ESTATE BROKERAGE
Extra Information
Air Conditioning : Y
Area : Middlesex
living_area : 0
living_area_unit : Sqft
Community : Lucan
Lease : Sale
Tax Year : 2024
Virtual Tour : https://www.youtube.com/watch?v=dHPNO2RsyWc

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34694 Richmond St Lucan Biddulph, Ontario N0M 2J0