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Investment signal

$625,000

174 MAIN STREET

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Beds

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Year

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Type

Retail

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lucan Biddulph (Lucan). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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 (total sqft 2255) - 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:65958)

Subtype: Retail
Structure: Residential Commercial Mix
Community: Lucan
Living area: 2,255 square feet
Lot dimensions: 39.16 x 1 FT
On market: Apr 18, 2026
Status changed: Apr 18, 2026
Annual tax: $1,400
Zoning: C1
Photos: 19
MLS#: X13016016
Area: LUCAN_BIDDULPH_(LUCAN)

Features and systems

Appliances

Water Heater

Heating

Forced airElectric

Cooling

Fully air conditioned

Negative cash flow ~$712/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.84%

Cap rate

3.50%

GRM

16.7

Break-even rent

$3,875

Financing

Down payment$125,000

Loan amount$500,000

Mortgage$2,533/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$286

Insurance$80

Maintenance$521

CapEx reserve$260

Vacancy loss$156

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,533/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.