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124 Rectory Street London, Ontario N5Z 2A1

2 Bedroom 1 Bathroom 2100
2 Level Central Air Conditioning Forced Air

$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:51356)

Property Details

MLS® Number 40567532
Property Type Single Family
Amenities Near By Playground, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Community Features School Bus
Equipment Type Water Heater
Features Corner Site, Visual Exposure, Sump Pump
Parking Space Total 5
Rental Equipment Type Water Heater

Building

Bathroom Total 1
Bedrooms Above Ground 2
Bedrooms Total 2
Appliances Dryer, Refrigerator, Satellite Dish, Stove, Washer
Architectural Style 2 Level
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1970
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fixture Ceiling Fans
Foundation Type Block
Heating Type Forced Air
Stories Total 2
Size Interior 2100
Type House
Utility Water Municipal Water

Parking

Visitor Parking

Land

Access Type Road Access
Acreage No
Land Amenities Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 97 Ft
Size Frontage 30 Ft
Size Irregular 0.067
Size Total 0.067 Ac|under 1/2 Acre
Size Total Text 0.067 Ac|under 1/2 Acre
Zoning Description Cc

Rooms

Level Type Dimensions
Second Level Bedroom 17'4'' x 9'8''
Second Level Primary Bedroom 12'11'' x 12'7''
Second Level 3pc Bathroom Measurements not available
Second Level Kitchen 9'0'' x 10'0''
Second Level Living Room 20'0'' x 13'0''

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26717623/124-rectory-street-london

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