124 Rectory Street, London, Ontario  N5Z 2A1 - Photo 1 - X8286862
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124 Rectory Street
London, Ontario N5Z 2A1

Why rent or lease when you could own and generate multiple revenue streams with only one investment.\r\nWith CC zoning this property offers a range of commercial uses which services the day-to-day convenience needs\r\nof the immediate neighbourhood. Currently operating as an established turn-key restaurant offering licensed\r\ndine-in for 30 seats.\r\nUpgrades and improvements over the past two years which include a new central air unit, electrical and fixtures,\r\n30-gallon grease trap, stainless steel counter tops, vinyl siding, basement waterproofing with 2 brand new sump\r\npumps, the waterproofing comes with a 10 year worry free warranty. The completely refaced bar and dining room\r\noffers an inviting and cozy experience for customers.\r\nThe current owner-occupied upper apartment provides easy access to your personal area while operating your\r\nbusiness. It has 2 spacious bedrooms, a very large family room with a sloped ceiling that only adds to the charm of\r\nthis generous space. Fully equipped with stacking washer/dryer, stainless steel fridge with lower freezer and a gas\r\nstove 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\r\nrevenue as the apartment can be self-contained with its outside entrance that is perfect for a young professional\r\ncouple or small family.\r\nThere is onsite parking for 5 vehicles.\r\nIf all of that isn’t enough, you can even generate passive income when you assume the solar panel contract. (id:15265)

$619,900 For sale

MLS® Number
X8286862
Type
Single Family
Building Type
House
Bedrooms
2
Bathrooms
1
Parking
5
Fireplace
Fireplace
Cooling
Central Air Conditioning, Ventilation System
Heating
Forced Air

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Property Details

MLS® Number X8286862
Property Type Single Family
Community Name EastL
Equipment Type Water Heater
Features Sump Pump, Solar Equipment
Parking Space Total 5
Rental Equipment Type Water Heater

Land

Acreage No
Sewer Sanitary Sewer
Size Irregular 30.08 X 97.42 Acre
Size Total Text 30.08 X 97.42 Acre|under 1/2 Acre

Building

Bathroom Total 1
Bedrooms Above Ground 2
Bedrooms Total 2
Basement Type Full
Construction Style Attachment Detached
Cooling Type Central Air Conditioning, Ventilation System
Exterior Finish Vinyl Siding, Brick
Fireplace Present Yes
Foundation Type Block, Poured Concrete
Heating Type Forced Air
Stories Total 2
Type House
Utility Water Municipal Water

Utilities

Cable Available

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agent shawn delaat

Shawn DeLaat

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Stephan Ayotte

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