$575,900
For sale: Detached

INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF LUCAN! 128 Main Street presents a unique opportunity for investors, developers, and builders looking to secure a well-positioned property in the growing community of Lucan. Situated along Main Street, this property offers excellent frontage, visibility, and accessibility. The value here extends beyond the existing dwelling, with the land, location, zoning, and future potential forming a significant part of the opportunity. With its MUR zoning and redevelopment potential, the property may lend itself to a variety of future possibilities for the right buyer. Whether considered as a redevelopment project, land investment, or longer-term hold, 128 Main Street provides an opportunity to capitalize on a prominent location within an expanding community. Located close to downtown amenities and surrounded by an established community experiencing continued growth, this is an opportunity for buyers with vision to explore what may be possible at this Main Street location. The existing dwelling is being offered by the Seller in "as-is, where-is" condition, with no warranties or representations.
Sold data
Detached homes in Lucan Biddulph (Lucan) took a median of 34 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 66, across 72 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.
The median sale price was $699,900.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
Based on 72 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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