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$499,900
Lucan Biddulph
128 Main Street, Lucan Biddulph (Lucan), Ontario, N0M2J0
This 1-bedroom, 1-bathroom home in Lucan Biddulph is for sale offering roughly 4,250 sq ft of space. Listed at $499,900, it is attractively priced about 25% below the $669,900 median asking price in Lucan Biddulph. It has been on the market 16 days, fresher than the Lucan Biddulph average of 60 days.
INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF LUCAN! 128 Main Street presents a unique opportunity for investors, developers, and builders looking to secure a well-positioned property in the growing community of Lucan. Situated along Main Street, this property offers excellent frontage, visibility, and accessibility. The value here extends beyond the existing dwelling, with the land, location, zoning, and future potential forming a significant part of the opportunity. With its MUR zoning and redevelopment potential, the property may lend itself to a variety of future possibilities for the right buyer. Whether considered as a redevelopment project, land investment, or longer-term hold, 128 Main Street provides an opportunity to capitalize on a prominent location within an expanding community. Located close to downtown amenities and surrounded by an established community experiencing continued growth, this is an opportunity for buyers with vision to explore what may be possible at this Main Street location. The existing dwelling is being offered by the Seller in "as-is, where-is" condition, with no warranties or representations. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 60 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 1-bed single family in Lucan Biddulph (Lucan) has been listed for 16 days, which is 44 days fresher than the city average of 60. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,900, about 5.5× the local median household income of $91,000.
Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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