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 re...sidential (2 bed) in the upper - 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.
Full Property Details
General
Business Type
-
Retail Area
2255.00 Sq Ft
Office Area
2255.00 Sq Ft
Total Area
2255.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Retail Area
2255.00 Sq Ft
Office Area
2255.00 Sq Ft
Total Area
2255.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Electric Forced Air
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Electric Forced Air
Air Conditioning
Yes
Exterior
Depth
1.0
Front
39.16
Lot Size
39 x 1.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Lane
Garage Spaces
-
Zoning
C1
Depth
1.0
Front
39.16
Lot Size
39 x 1.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Lane
Garage Spaces
-
Zoning
C1
Building Description
Home Type
Commercial
Subtype
Store W Apt/Office
Year Built
100+
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Store W Apt/Office
Year Built
100+
Water Supply
Municipal
Possession Date
No Data
Community
Community
Lucan
Community
Lucan
Taxes & Fees
Taxes
$1,400 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$1,400 /yr
Tax Year
2025
Occupancy
Tenant
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