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124 Rectory Street London, Ontario N5Z 2A1

2100

$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:46638)

Property Details

MLS® Number 40567540
Property Type Office
Amenities Near By Public Transit, Schools
Communication Type High Speed Internet
Equipment Type Water Heater
Features Visual Exposure, Rail, Solar Equipment
Rental Equipment Type Water Heater
Sign Type Unknown

Building

Basement Type Full
Exterior Finish Brick, Vinyl Siding
Foundation Type Block
Stories Total 2
Size Exterior 2100.0000
Size Interior 2100
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 97 Ft
Size Frontage 30 Ft
Size Irregular 0.067
Size Total 0.067 Ac|1/2 - 1.99 Acres
Size Total Text 0.067 Ac|1/2 - 1.99 Acres
Zoning Description Cc

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26717622/124-rectory-street-london

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Streetcity Realty Inc., Brokerage
519 York Street
London, Ontario N6B 1R4

(519) 649-6900
(519) 649-6933
www.streetcityrealty.com