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Store W Apt/Office for sale

$579,000

174 Main Street

Lucan, N0M 2J0

Interior: 2,255 ft²
Lot: 39.16 × 1 ft
Type: Store W Apt/Office
On the market: 27 days

Compare 174 Main Street

About this home

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.

Features

Major Highway

Property details

MLS® number: X13806238
Property type: Store W Apt/Office
Interior size: 2,255 ft²

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Approximate age

100+ years

Lot

39.16 × 1 ft

Heating

Electric Forced Air

Cooling

Yes

Parking: garage: lane
Property taxes: $1,400 (2025)
Possession: Flexible
Cross street: Alice, William
Municipality: Lucan

What it could cost each month

Mortgage estimate

$2,564a month

$115,800 down, 4.5%, 25 years

Down payment

5.7%10%20%

Interest rate

Open the full calculator

An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

Lucan, near Alice, William

174 Main Street, Lucan

Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Listing courtesy of RE/MAX CENTRE CITY REALTY INC.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13806238. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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Call

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