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$824,999
Available - For Sale
Listing ID: X12189230
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 $824,999
Taxes: $3,957
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 195 Main Stre , Lucan Biddulph, N0M 2J0, Middlesex
Postal Code: N0M 2J0
Province/State: Middlesex
Directions/Cross Streets: near Main street and water street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 3,433
Total Area Code:  Square Feet
 Management Expense: 4392
Maintenance: 0
Water Expense: $1749
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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EXP REALTY

195 Main Stre , Lucan Biddulph, N0M 2J0, Middlesex


 
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Type: Com - Investment
Area: Middlesex
Municipality: Lucan Biddulph
Neighbourhood: Lucan
Style:
Lot Size: x 142.16(Feet)
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Tax: $3,957
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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