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$619,900
Available - For Sale
Listing ID: X8286862
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.
Price $619,900
Taxes: $4,160.26
Assessment: $157000
Assessment Year: 2016
Address: 124 RECTORY St , London, N5Z 2A1, Ontario
Lot Size: 30.08 x 97.42 (Acres)
Acreage: < .50
Directions/Cross Streets: NORTH ONTO RECTORY FROM HAMILTON ROAD
Rooms: 5
Rooms +: 0
Bedrooms: 2
Bedrooms +: 0
Washrooms: 1
Kitchens: 1
Kitchens +: 0
Basement: Full
Part Fin
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Vinyl Siding
Garage Type: Visitor
(Parking/)Drive: Other
Drive Parking Spaces: 5
Pool: None
Laundry Access: Ensuite
Approximatly Age: 51-99
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: Y
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STREETCITY REALTY INC., BROKERAGE

124 RECTORY St , London, N5Z 2A1, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Middlesex
Municipality: London
Neighbourhood:
Style: 2-Storey
Lot Size: 30.08 x 97.42(Acres)
Approximate Age: 51-99
Tax: $4,160.26
Maintenance Fee: $0
Beds: 2
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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