ON > Lucan Biddulph
Lucan Biddulph, ON N0M 2J0,34694 Richmond ST
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Lucan Biddulph, ON N0M 2J0,34694 Richmond ST
Lucan Biddulph, ON N0M 2J0,34694 Richmond ST
Lucan Biddulph, ON N0M 2J0,34694 Richmond ST
Lucan Biddulph, ON N0M 2J0,34694 Richmond ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,900,000
Est. payment /mo
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Pending

34694 Richmond ST Lucan Biddulph, ON N0M 2J0

7 Baths

3 SqFt

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

Province ON

County Middlesex

Zoning M2-3

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features Yes

Listed by PRIME REAL ESTATE BROKERAGE

Jethro Seymour

Broker

+1(416) 712-0767

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34694 Richmond ST

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