174 MAIN STREET, Lucan Biddulph (Lucan)174 MAIN STREET, Lucan Biddulph (Lucan) — photo 2174 MAIN STREET, Lucan Biddulph (Lucan) — photo 3174 MAIN STREET, Lucan Biddulph (Lucan) — photo 4174 MAIN STREET, Lucan Biddulph (Lucan) — photo 5174 MAIN STREET, Lucan Biddulph (Lucan) — photo 6174 MAIN STREET, Lucan Biddulph (Lucan) — photo 7174 MAIN STREET, Lucan Biddulph (Lucan) — photo 8174 MAIN STREET, Lucan Biddulph (Lucan) — photo 9174 MAIN STREET, Lucan Biddulph (Lucan) — photo 10174 MAIN STREET, Lucan Biddulph (Lucan) — photo 11174 MAIN STREET, Lucan Biddulph (Lucan) — photo 12174 MAIN STREET, Lucan Biddulph (Lucan) — photo 13174 MAIN STREET, Lucan Biddulph (Lucan) — photo 14174 MAIN STREET, Lucan Biddulph (Lucan) — photo 15174 MAIN STREET, Lucan Biddulph (Lucan) — photo 16174 MAIN STREET, Lucan Biddulph (Lucan) — photo 17174 MAIN STREET, Lucan Biddulph (Lucan) — photo 18174 MAIN STREET, Lucan Biddulph (Lucan) — photo 19174 MAIN STREET, Lucan Biddulph (Lucan) — photo 20
1/20
For Sale · Retail

174 MAIN STREET, Lucan Biddulph (Lucan)

174 MAIN STREET, Lucan Biddulph (Lucan), ON N0M2J0

$579,000 total

2,255 SF

Asset Class

Retail

Size

2,255 SF

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

$257

Occupancy

91%

About this property

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 residential (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. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$579K
Down payment30% · $174K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$37K

Annual cash flow

$5K

Cash-on-cash

2.64%

DSCR

1.14

Going-in cap

6.33%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP826 SF2033-05
Aurora Legal LLP1,222 SF2034-05

Area demographics

Trade area within 3 miles of the property.

Population

76,971

Households

36,254

Median income

$72,500

Median age

41.9

Daytime population

95,286

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 174 MAIN STREET, Lucan Biddulph (Lucan).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.