$1,900,000
34694 Richmond ST Lucan Biddulph, ON N0M 2J0
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$1,900,000
Est. payment /mo
7 BA
3 SqFt
Pending
34694 Richmond ST Lucan Biddulph, ON N0M 2J0
UPDATED:
11/01/2024 03:13 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 3 sqft
Price per Sqft $633,333
MLS Listing ID X9302465
Annual Tax Amount $12,990
Tax Year 2024
Property Description
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.
Location
State ON
County Middlesex
Zoning M2-3
Interior
Cooling Yes
Exterior
Utilities Available Yes
Parking Type Other
Others
Security Features Yes
Listed by PRIME REAL ESTATE BROKERAGE
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