124 Rectory Street, East L in London, ON
This is a Single Family Listing.
124 Rectory Street, East L in London
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:6289)
$619,900
124 Rectory Street, London, Ontario
Essential Information
- MLS® #X8286862
- Price$619,900
- Bedrooms2
- Bathrooms1.00
- Acres0.00
- TypeSingle Family
- Sub-TypeFreehold
- Days on Website16
Amenities
- UtilitiesNatural Gas, Electricity, Cable
- Parking Spaces5
Exterior
- ExteriorBrick, Vinyl siding
- Lot Description30.08 x 97.42 Acre
Community Information
- Address124 Rectory Street
- SubdivisionEast L
- CityLondon
- Postal CodeN5Z2A1
Interior
- HeatingForced air
- CoolingCentral air conditioning
- # of Stories2
Listing Details
- Listing OfficeSTREETCITY REALTY INC., BROKERAGE