34694 Richmond Street, Lucan Biddulph | Image 1

34694 Richmond Street

Lucan Biddulph, Lucan

  • Commercial

$X,XXX,XXX
For Sale

Added 3 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: M2-3

  • Age: 51-99 years

  • Taxes: 12990

  • MLS®#: X9302465

  • Days on Site: 59 Days

  • Added: Sep 03, 2024 (3 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: PRIME REAL ESTATE BROKERAGE

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 spanning 3,036 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, 34694 Richmond Street provides a prime opportunity in an area poised for continued growth.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 51-99

  • Area: Lucan Biddulph

  • Community: Lucan

  • Availability Date: flex/immediate

Inside

  • Bathrooms: 7

  • Air Conditioning: Y

  • Washrooms: 7

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Elec Forced Air

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Other

  • Covered Parking Spaces: 30

Fees

  • Tax Year: 2024

  • Tax Legal Description: PART LOT 21, CONCESSION 1 DESIGNATED AS PART 1, 33

  • Taxes: $12,990

  • Taxes Type: Annual

Land

  • Cross Street: Richmond St N,near M

  • Municipality District: Lucan Biddulph

  • Sewer: Septic

  • Lot Depth: 330.7 Feet

  • Lot Frontage: 367.83 Feet

  • Zoning: M2-3

Additional Media

  • Virtual Tour: https://www.youtube.com/watch?v=dHPNO2RsyWc

Commercial Specific

  • Rail: N

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 3.67

  • Total Area Metric: Acres

  • Industrial Area Size: 7800

  • Industrial Area Metric: Sq Ft

  • Office Size: 3036

  • Office Size Metric: Sq Ft

  • Days Open: V

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Financial Statement: N

See 3D Tour of 34694 Richmond Street, Lucan Biddulph
Video Tour
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Car-Dependent

  • Almost all errands require a car.
0 /100

Somewhat Bikeable

  • Most errands require a car.
30 /100
Map of 34694 Richmond Street, Lucan Biddulph
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