$619,900 $3,328 est/mo Sourced by Back At You

124 Rectory Street,London, ON N5Z 2A1

London ON, N5Z 2A1

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Description

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.

Details

MLS#40567532
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1970
Days On Site50
Listing Provided BySTREETCITY REALTY INC., BROKERAGE | Ayden Townsend

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet2,100
BasementY
ZoningCC
Acreage0.07
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5Z 2A1
AreaEast
SubareaEast L
Community NameEast L
Listing VS Median (in East L)
Price:
$619,900
low | high
Med:
$474,900
73.39086949508% of Average
SqFt:
2,100
low | high
Med:
1,296
88.285714285714% of Average
$ / SqFt:
$295
low | high
Med:
$366
25.864834829991% of Average
On Site:
50
low | high
Med:
13.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 9:41:45 PM PDT