For Sale

3365 Culp Road, Lincoln, Ontario L0R 2E0

$1,699,000

3365 Culp Road, Lincoln, Ontario L0R 2E0 is For Sale and has a listing price of 1,699,000. The property is located in the Lincoln . It's been on the website for 26 Days.

  • Investment
    Property Type
  • MLS ID: X12059545
  • Office Name HOMELIFE/ROMANO REALTY LTD.
Property Description

High-Yield Commercial Opportunity: Revitalized Plaza, Maximum Flexibility!Unlock Immediate Value & Future Growth: This meticulously renovated, single-story commercial plaza offers 10,580 sq ft of prime retail space on a sprawling 33,000 sq ft lot, just 3km from the QEW. Capitalize on strategic location and RUC-2 zoning, allowing for diverse tenant possibilities: daycare, veterinary, specialty retail, and more.Key Investment Highlights:Complete Revitalization: Benefit from recent upgrades including new framing, drywall, insulation, exterior cladding, and re-graveled floors, minimizing future capital expenditures.Six Individual Gas Meters: Streamline tenant billing and maximize operational efficiency.Subdivision Potential: Divide into up to 6 separate units, creating multiple income streams and increasing tenant flexibility.Strategic QEW Access: Leverage unparalleled visibility and accessibility for a high-traffic location.Versatile Unit Configuration: Two existing units (4,089 & 6,491 sq ft) offer immediate rental potential.RUC-2 Zoning Advantage: Tap into a wide range of permitted uses, attracting diverse and stable tenants.Expansive Land Parcel: 33,000 sq ft lot provides potential for future expansion or development.Investment Analysis:This property presents a unique opportunity to acquire a fully rejuvenated asset with significant income potential. The recent upgrades, coupled with the subdivision capability, offer investors the chance to maximize returns and attract a diverse tenant base. The strategic QEW location ensures consistent traffic, making this a highly desirable commercial destination.

Property Details
  • MLS ID: X12059545
  • Price: $1,699,000
  • Lot Depth: 189.15
  • Transaction Types: For Sale
  • Ref ID: X12059545
  • Year Built: N/A
  • Dir / Cross St: Victoria Ave/QEW
  • Tax Year: 2024
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
04/03/2025 X12059545 $1,699,000 For Sale - -
04/03/2025 X12059511 $9 For Lease - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lincoln
  • $1,158,530 Average List Price
    based on 1 year
  • 20 New Listings
    based on 30 days
  • 191 Median Days on Market
    based on 1 year
  • List vs. Selling Price 98.96 % Up
  • Sold (12mo) 159
  • Rented (12mo) 57

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    74.89%
  • Commercial
    8.19%
  • Condo
    16.52%
  • Land for Sale
    0.4%
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: $21,000
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 30/60/90
  • Listing Entry Date: 03/04/2025 15:31:59
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