124 RECTORY ST, London, Ontario, CA

Address: 124 RECTORY ST, London, Ontario

2 Beds1 Baths0 sqftStatus: Buy
Price $619,900

Property Overview


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:51532)

 

Tags




Property Summary
Property Type
Single Family
Building Type
House
Storeys
2
Community Name
East L
Title
Freehold
Land Size
30.08 x 97.42 Acre
Building
Bedrooms
Above Grade
2
Bathrooms
Total
2
Interior Features
Basement Type
Full
Building Features
Style
Detached
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Type
Natural Gas(Installed),Electricity(Installed),Cable(Available)
Exterior Features
Exterior Finish
Brick, Vinyl siding
Parking
Total Parking Spaces
5
Features
           Central air conditioning
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Your Home Finance Calculation

Property Price CA $619,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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