124 Rectory Street London, Ontario N5Z 2A1
$619,900
Why rent or lease when you could own and generate multiple revenue streams with only one investment. With CC zoning this property offers a range of commercial uses which services the day-to-day convenience needs of the immediate neighbourhood. Currently operating as an established turn-key restaurant offering licensed dine-in for 30 seats. Upgrades and improvements over the past two years which include a new central air unit, electrical and fixtures, 30-gallon grease trap, stainless steel counter tops, vinyl siding, basement waterproofing with 2 brand new sump pumps, the waterproofing comes with a 10 year worry free warranty. The completely refaced bar and dining room offers an inviting and cozy experience for customers. The current owner-occupied upper apartment provides easy access to your personal area while operating your business. It has 2 spacious bedrooms, a very large family room with a sloped ceiling that only adds to the charm of this generous space. Fully equipped with stacking washer/dryer, stainless steel fridge with lower freezer and a gas stove that has been gently used. If living on site isn’t your thing, it is no problem rent it out and earn a bit of revenue as the apartment can be self-contained with its outside entrance that is perfect for a young professional couple or small family. There is onsite parking for 5 vehicles. If all of that isn’t enough, you can even generate passive income when you assume the solar panel contract. (id:38604)
Property Details
MLS® Number | 40567540 |
Property Type | Office |
AmenitiesNearBy | Public Transit, Schools |
CommunicationType | High Speed Internet |
EquipmentType | Water Heater |
Features | Visual Exposure, Rail, Solar Equipment |
RentalEquipmentType | Water Heater |
SignType | Unknown |
Building
BasementType | Full |
ExteriorFinish | Brick, Vinyl Siding |
FoundationType | Block |
StoriesTotal | 2 |
SizeExterior | 2100.0000 |
SizeInterior | 2100 |
UtilityWater | Municipal Water |
Land
AccessType | Road Access |
Acreage | No |
LandAmenities | Public Transit, Schools |
Sewer | Municipal Sewage System |
SizeDepth | 97 Ft |
SizeFrontage | 30 Ft |
SizeIrregular | 0.067 |
SizeTotal | 0.067 Ac|1/2 - 1.99 Acres |
SizeTotalText | 0.067 Ac|1/2 - 1.99 Acres |
ZoningDescription | Cc |
Utilities
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
https://www.realtor.ca/real-estate/26717622/124-rectory-street-london
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