Don't miss this great investment opportunity in the heart of the Lucan, 15 mins North of London. This mixed use commercial and residential property is located in a prime location on Richmond St./Hwy 4 with ample road and foot traffic. C1 commercial zoning with 2 commercial units on the main and 1 residential (2 bed) in the upper (total sqft 2255) - all fully rented with an approximate cap rate of 8%. Unit 1 operating as a Barber Shop and unit 2 operating as a Pet Food Store. There are 6 parking spots with the property along with road parking and a public parking lot across the street. 2 heat pumps recently installed, 1 for upper, 1 for main. All new windows in the upper residential unit. Have your mortgage paid while living upstairs and renting the downstairs or simply add this entire property to your investment portfolio. Don't miss your chance to capture the energy in this vibrant growing town.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
2255 sq. ft. Square Feet
Total Area:
2,255 sq. ft.209 m2
Retail Area:
1125 sq. ft. Sq Ft
Office/Apt Area:
1125 sq. ft. Sq Ft
Lot Depth:
1'0.3 m
Lot Frontage:
39'2"11.9 m
Water supply:
Municipal
Zoning:
C1
Heating type:
Electric Forced Air
Garage:
None
Possession Details:
30-60
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$1,400 /
2025
Assessment:
$- /
-
Middlesex
Lucan Biddulph
Lucan
Major Highway, Recreation/Community Centre
No
None
Hot water heaters (2)
All tenant belongings to be detailed in the offer process.
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