No similar listings for sale right now.
$579,000
Lucan Biddulph
174 Main Street, Lucan Biddulph (Lucan), Ontario, N0M2J0
This retail property in Lucan Biddulph is for sale offering roughly 2,255 sq ft of space. It has been on the market 46 days, fresher than the Lucan Biddulph average of 60 days.
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 - 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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 46 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 retail in Lucan Biddulph (Lucan) has been listed for 46 days, which is 14 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 $579,000, about 6.4× the local median household income of $91,000.
Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →