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

4 Beds

3 Baths

2 Acres Lot

UPDATED:

11/01/2024 03:13 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 2500-3000

MLS Listing ID X9304952

Style Sidesplit 3

Bedrooms 4

Annual Tax Amount $12,990

Tax Year 2024

Lot Size 2.000 Acres

Appx SqFt 2500-3000

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 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.

Location

Province ON

County Middlesex

Zoning M2-3

Rooms

Family Room Yes

Basement Finished, Separate Entrance

Kitchen 1

Separate Den/Office 1

Interior

Interior Features Other

Cooling Central Air

Exterior

Exterior Feature Porch

Garage Front Yard Parking

Garage Spaces 4.0

Pool None

Roof Type Shingles

Total Parking Spaces 4

Building

Foundation Concrete

Listed by PRIME REAL ESTATE BROKERAGE

Jethro Seymour

Broker

+1(416) 712-0767

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34694 Richmond ST

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