$1,900,000
FOR SALE

Detached Sidesplit

Bedrooms: 3+1Bathrooms: 3Lot: 367.75 x 330.67 ft

34694 Richmond Street
Lucan Biddulph (Lucan), ON N0M 2J0

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 spanning3,036 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, 3+ acre property provides a prime opportunity in an area poised for continued growth. (id:47421)
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Listed By PRIME REAL ESTATE Brokerage
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X9304952
Last Updated Oct 09, 2024
Property Summary
Property Type Detached

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Community Lucan
Price History

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Detailed Information
Bedrooms 3+1
Bathrooms 3
Lot 367.75 x 330.67 ft
Community Features School Bus
Listing Contract Date 2024-09-05
Location Description Richmond St N,near McGillivary
Ownership Type Freehold
# of Parking Spaces 4
Property Type Single Family
Structures Porch, Shed, Workshop
Transaction Type For sale
Zoning Description M2-3
Building
Basement Development Finished
Basement Features Separate entrance
Basement Type N/A (Finished)
Construction Style (Attachment) Detached
Construction Style (Split Level) Sidesplit
Cooling Type Central air conditioning
Exterior Finish Brick, Vinyl siding
Fireplace Present Yes
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Forced air
Type House
Utility Water Municipal water
Parking Spaces
Name Spaces
Attached Garage
Land
Total Size 367.8 x 330.7 FT | 2 - 4.99 acres
Acreage Yes
Sewer Septic System
Size of Irregular Land 367.8 x 330.7 FT
External Links

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