124 Rectory Street
London, ON, N5Z 2A1
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.
Property Specification
| MLS Number | 40567532 |
| Property Type | Residential |
| Building Area | 2,100 Square Feet |
| Architectural Style | Two Story |
| Full Bathrooms | 1 |
| Total Bedrooms | 2 |
| Basement | Development Potential, Full, Partially Finished, Sump Pump |
| Above Grade Sqf | 2,100 Square Feet |
| Cooling | Central Air |
| Heating | Forced Air |
| Kitchen(s) | 1 |
| Lot Size Area | 0 Acres |
| Lot Size | 2,919 Sq.ft. |
| Lot Size Source | GeoWarehouse |
| Parking Spaces | 5 |
| Sewage | Sewer (Municipal) |
| Year Built | 1970 |
| Room 1 - Second level | Living Room (6.10 x 3.96 m) |
| Room 2 - Second level | Kitchen (2.74 x 3.05 m) |
| Room 3 - Second level | Bedroom Primary (3.94 x 3.84 m) |
| Room 4 - Second level | Bedroom (5.28 x 2.95 m) |
| Room 5 - Second level | Bathroom 3-Piece |
Location Map
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: STREETCITY REALTY INC., BROKERAGE