$799,000
Available - For Sale
Listing ID: X12506676
195 Main Street , Lucan Biddulph, N0M 2J0, Middlesex
| We are super excited to present this rare 4-plex opportunity in the thriving and sought-after town of Lucan! Whether you're an investor looking for a solid income property or a buyer hoping to offset your mortgage, this versatile building is packed with potential. This unique property features three 1-bedroom units ranging from 550 to 650 finished square feet and a spacious 3-bedroom 2 bathroom (including an ensuite) apartment with 1,571 sq. ft. of finished living space, plus an additional 375 sq. ft. in the basement. The possibilities are endless thanks to the commercial zoning, which allows for a wide variety of uses. Live in the large 3-bedroom unit and rent out the remaining apartments, or lease out all four for maximum income. The current scheduled gross annual income is $62,748, making this an attractive investment from day one. A garage and basement storage add even more value for the owner. Located just 20 minutes from London and a short drive to Grand Bend, Lucan has become a highly desirable place to live and invest. The town offers a full suite of amenities, including a brand-new grocery store, McDonald's, Dollarama, and the ever-popular Chuck's Roadhouse. It's also well-known as a great place to raise a family, with multiple parks, soccer fields, baseball diamonds, and a vibrant community centre and arena. This is a rare chance to own a strong income-generating property in a growing community with incredible future upside. With flexible zoning, strong rental income, and a fantastic location, this property checks all the boxes. Don't miss your chance, book your private showing today and explore all the ways this exceptional property can work for you! |
| Price | $799,000 |
| Taxes: | $4107.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 195 Main Street , Lucan Biddulph, N0M 2J0, Middlesex |
| Directions/Cross Streets: | Water street & Main street |
| Rooms: | 10 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Partially Fi |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Second | Bedroom | 32.8 | 39.36 | |
| Room 2 | Second | Bedroom 2 | 32.8 | 32.8 | |
| Room 3 | Second | Bedroom 3 | 39.36 | 32.8 | |
| Room 4 | Ground | Bedroom | 59.04 | 32.8 | |
| Room 5 | Ground | Bedroom | 32.8 | 31.16 | |
| Room 6 | Ground | Bedroom | 32.8 | 36.08 | |
| Room 7 | Second | Kitchen | 49.2 | 29.52 | |
| Room 8 | Ground | Kitchen | 32.8 | 39.36 | |
| Room 9 | Ground | Kitchen | 36.08 | 42.64 | |
| Room 10 | Ground | Kitchen | 39.36 | 29.52 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 3000-3500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Middlesex |
| Municipality: | Lucan Biddulph |
| Neighbourhood: | Lucan |
| Style: | 2-Storey |
| Tax: | $4,107 |
| Beds: | 6 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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