195 Main St - Multi-Family FOR SALE


Lucan Biddulph, ON N0M 2J0
$824,999 CAD
289-983-0990
195 Main St, Lucan Biddulph, ON for Sale
$824,999 CAD
Multi-Family - FOR SALE
1/34
null | 7.61% Cap Rate

195 Main St
Lucan Biddulph, ON N0M 2J0


HIGHLIGHTS

  • Versatile 4-plex layout featuring three 1-bedroom units and a spacious 3-bedroom, 2-bath apartment with additional basement space.
  • Commercial zoning allows for flexible use—live in one unit or lease all four for maximum rental income.
  • Strong income potential with a scheduled gross annual income of $62,748 from day one.
  • Prime location just 20 minutes from London in the thriving town of Lucan, close to new amenities and family-friendly features.

OVERVIEW

We’re thrilled to present this rare 4-plex opportunity in the vibrant and fast-growing town of Lucan! Whether you're a savvy investor or a buyer looking to supplement your mortgage, this versatile property offers exceptional potential. Featuring three well-designed 1-bedroom units (550–650 sq. ft.) and a spacious 3-bedroom, 2-bathroom apartment with 1,571 sq. ft. of finished living space—plus an additional 375 sq. ft. in the basement—this property is packed with value. Zoned commercial, it offers flexibility for a range of uses: live in the large unit and rent out the others, or lease all four for maximum income. With a scheduled gross annual income of $62,748, this is a solid income-producing asset from day one. A garage and basement storage provide added convenience. Just 20 minutes from London and a short drive to Grand Bend, Lucan is booming with new amenities including a grocery store, McDonald’s, Dollarama, and Chuck’s Roadhouse. Known for its family-friendly atmosphere, the town boasts parks, sports fields, and a thriving community centre. This is a rare chance to own a high-performing property in a desirable, high-growth area. With flexible zoning, strong rental income, and prime location, this investment checks every box. Book your private showing today!

FOR SALE DETAILS

PRICE

$824,999 CAD

PRICE/SF

$240 CAD /SF

# OF UNITS

1

PRICE/UNIT

$824,999

CAP RATE

7.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mathew ToussaintTR GroupMore Info
289-983-0990

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Mathew ToussaintTR GroupMore Info
289-983-0990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.