For Sale

34694 Richmond Street, Lucan Biddulph (Lucan), Ontario N0M2J0

$1,900,000

34694 Richmond Street, Lucan Biddulph (Lucan), Ontario N0M2J0 is For Sale and has a listing price of 1,900,000. The property is located in the Lucan Biddulph neighbourhood. It's been on the website for 67 Days.

  • Single Family
    Property Type
  • Detached
    Building Style
  • 4
    Bedrooms
  • 3
    Bathrooms
  • Attached Garage
    Parking
  • 4
    Parking Spaces
  • MLS ID: X9304952
  • Office Name PRIME REAL ESTATE BROKERAGE
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. (id:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 4
  • MLS ID: X9304952
  • Bathrooms: 3
  • Price: $1,900,000
  • Transaction Types: For Sale
  • Ref ID: 27379414
  • Year Built: N/A
  • Building Type: House
  • Building Style: Detached
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
09/05/2024 X9304952 $1,900,000 For Sale - -
09/05/2024 X9302466 $1,900,000 For Sale - -
09/05/2024 X9302465 $1,900,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lucan Biddulph
  • $845,001 Average List Price
    based on 1 year
  • 9 New Listings
    based on 30 days
  • 108 Median Days on Market
    based on 1 year
  • List vs. Selling Price 87.01 % Up
  • Sold (12mo) 44
  • Rented (12mo) 5

  • 1 Month Change -7.8%
  • 3 Month Change -19.5%
  • 6 Month Change -0.8%
Walkscore
  • - Walk Score
    Car-Dependent
  • 30 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    84%
  • Commercial
    9.09%
  • Condo
    6.73%
  • Land for Sale
    0.18%
Additional Details
  • Sewers Septic System
  • Heat Source Natural Gas
  • Basement2 N/a (finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 4
  • Basement Separate Entrance
  • Fireplace True
  • Parking Attached Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 05/09/2024 00:00:00
  • Zoning Y
  • Agent Name: JUSTIN KONIKOW
  • Last Updated: 09/10/2024 16:34:37
Open House Dates
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