Bedrooms: 2Bathrooms: 1

124 Rectory Street
London, ON 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:47421)
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8286862
Last Updated May 19, 2024
Property Summary
Property Type Detached

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Community EastL
Price History

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Detailed Information
Bedrooms 2
Bathrooms 1
Equipment Water Heater
Features Sump Pump, Solar Equipment
Listing Contract Date 2024-04-04
Ownership Type Freehold
# of Parking Spaces 5
Property Type Single Family
Rental Equipment Water Heater
Transaction Type For sale
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
Type Description
Total Size 30.08 x 97.42 Acre | under 1/2 acre
Sewer Sanitary sewer
Size of Irregular Land 30.08 x 97.42 Acre

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