34694 Richmond Street Lucan Biddulph, Ontario N0M 2J0

4 Bedroom 3 Bathroom 2,500 - 3,000 ft2
Fireplace Central Air Conditioning Forced Air Acreage

$1,900,000

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:46638)

Property Details

MLS® Number X9304952
Property Type Single Family
Community Name Lucan
Community Features School Bus
Parking Space Total 4
Structure Porch, Shed, Workshop

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Basement Development Finished
Basement Features Separate Entrance
Basement Type N/a (finished)
Construction Style Attachment Detached
Construction Style Split Level Sidesplit
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fireplace Present Yes
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 2,500 - 3,000 Ft2
Type House
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage Yes
Sewer Septic System
Size Depth 330 Ft ,8 In
Size Frontage 367 Ft ,9 In
Size Irregular 367.8 X 330.7 Ft
Size Total Text 367.8 X 330.7 Ft|2 - 4.99 Acres
Zoning Description M2-3

https://www.realtor.ca/real-estate/27379414/34694-richmond-street-lucan-biddulph-lucan-lucan

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