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:4555)
PROPERTY SPECS
Listing ID 40567532
Address 124 RECTORY Street
City London, ON
Price $619,900
Bed / Bath 2 / 1 Full
Style 2 Level
Construction Brick, Vinyl siding
Land Size 0.067
Type House
Status For sale
EXTENDED FEATURES
Year Built1970AppliancesDryer, Refrigerator, Satellite Dish, Stove, WasherBasementFullBasement DevelopmentPartially finishedParking5Amenities NearbyPlayground, Public Transit, Schools, ShoppingCommunicationsHigh Speed InternetCommunity FeaturesSchool BusEquipmentWater HeaterFeaturesCorner Site, Sump Pump, Visual exposureOwnershipFreeholdRental EquipmentWater HeaterCoolingCentral air conditioningFixturesCeiling fansFoundationBlockHeatingForced airUtility WaterMunicipal waterDate Listed2024-04-07 20:03:41Days on Market24Parking5