124 RECTORY STREET, London, Ontario, N5Z2A1
Property TypeSingle Family

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:15069)

EquipmentWater HeaterFeaturesSump Pump, Solar Equipment
OwnershipFreeholdParking Spaces5
Rental EquipmentWater HeaterTransactionFor sale
Zoning DescriptionCC
Bedrooms Main level2Bedrooms Lower level0
AppliancesWater HeaterBasementFull
Construction Style AttachmentDetachedCoolingCentral air conditioning, Ventilation system
Exterior FinishVinyl siding, BrickFoundationBlock, Poured Concrete
Bathrooms (Total)1HeatingForced air
Storeys Total2TypeHouse
Utility WaterMunicipal water
Size Frontage30 ftSewerSanitary sewer
Size Depth97 ftSize Irregular30.08 x 97.42 Acre


Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :10/06/2024 01:22:51 PM

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