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34694 RICHMOND STREET, Lucan Biddulph (Lucan)
2024-09-06
Quick Summary
MLS®#X9304952
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:32467)
Property Features
Building
- Basement Development: Finished
- Basement Features: Separate entrance
- Basement Type: N/A (Finished)
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Brick, Vinyl siding
- Fireplace: Yes
- Interior Size: 2499.9795 - 2999.975 sqft
- Building Type: House
- Utility Water: Municipal water
Land
- Land Size: 367.8 x 330.7 FT|2 - 4.99 acres
- Sewer: Septic System
Ownership
- Type: Freehold
Structure
- Structure: Porch, Shed, Workshop
Zoning
- Description: M2-3
Information entered by PRIME REAL ESTATE BROKERAGE
Listing information last updated on: 2024-10-09 16:34:37
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Your One Percent Realty Commission savings†
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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