Lucan Biddulph, ON N0M2J0 34694 RICHMOND STREET
$1,900,000
35 more
Presented By: PRIME REAL ESTATE BROKERAGE
Home Details
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:7434)
Presented By: PRIME REAL ESTATE BROKERAGE
Interior Features for 34694 RICHMOND STREET
Other Interior Features
Basement DevelopmentFinished
Basement TypeN/A (Finished)
Building Fireplace PresentTrue
Building Heating FuelNatural gas
Building Heating TypeForced air
Construction Style AttachmentDetached
General for 34694 RICHMOND STREET
Building Basement FeaturesSeparate entrance
Building Cooling TypeCentral air conditioning
Building TypeHouse
Community FeaturesSchool Bus
CommunityNameLucan
Foundation TypeConcrete
Location DescriptionRichmond St N, near McGillivary
Ownership TypeFreehold
Parking Space Total4
Property TypeSingle Family
Suite - LegalNo
Zoning DescriptionM2-3
Exterior for 34694 RICHMOND STREET
Exterior FinishBrick, Vinyl siding
SewerSeptic System
StructurePorch, Shed, Workshop
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty