<-- style PDP --> 34694 Richmond Street, Lucan Biddulph - Detached for sale for $1,900,000
  • sold

34694 Richmond Street

Lucan Biddulph, Ontario, N0M 2J0 - Rural Lucan Biddulph

$1,900,000$000000

  • Neighbourhood

    Rural Lucan Biddulph

  • Major Intersection

    Richmond St N,near McGillivary

  • Listed Since: 608 day(s)

  • Last update: 491 day(s) ago

Overview

  • Property Type

    Detached, Sidesplit 3

  • Bedrooms

    3 + 1

  • Bathrooms

    3

  • Basement

    Finished + Sep Entrance

  • Kitchen

    1

  • Total Parking

    4 (2 Attached Garage)

  • Lot Size

    367.83x330.7 (Feet)

  • Taxes

    $12,990.00 (2024)

  • Type

    Freehold

Property Description

Property description for 34694 Richmond Street, Lucan Biddulph

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.

Listed by PRIME REAL ESTATE BROKERAGE

  • MLS #

    X9304952

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    51-99

  • Pool

    None

  • Drive

    Front Yard

  • Garage

    Attached, 2 spaces

  • Total Parking

    4

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Shingles

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Septic

  • Central Vac

    n/a

  • MLS #

    X9304952

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    51-99

  • Pool

    None

  • Drive

    Front Yard

  • Garage

    Attached, 2 spaces

  • Total Parking

    4

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Shingles

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Septic

  • Central Vac

    n/a

Thinking of Selling?

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 34694 Richmond Street, Lucan Biddulph

This property has been sold 6 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Estimated price

Date
Price
Change
2024-09-06
$1,808,474
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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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