124 Rectory Street, London

$619,900

2 Beds
1 Baths
2,100 Sqft
.07 Acres
0 Garages

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.

Essential Information
MLS® #40567532
Price$619,900
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage2,100
Acres0.07
Year Built1970
TypeResidential
Sub-TypeSingle Family Residence
StyleTwo Story
StatusActive
Community Information
Address124 Rectory Street
AreaEast
SubdivisionEast L
CityLondon
CountyMiddlesex
ProvinceON
Postal CodeN5Z 2A1
Amenities
Parking Spaces5
ParkingConcrete
Utilities

Cable Available, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Interior
HeatingForced Air
CoolingCentral Air
Has BasementYes
Interior Features

High Speed Internet, Accessory Apartment, Ceiling Fan(s), Solar Owned, Ventilation System

Appliances

Water Heater, Dryer, Refrigerator, Satellite Dish, Stove, Washer

Basement

Development Potential, Full, Partially Finished, Sump Pump

Exterior
Exterior FeaturesPrivate Entrance
RoofAsphalt Shing, Solar
ConstructionVinyl Siding
Lot Description

Urban, Irregular Lot, Ample Parking, Corner Lot, Library, Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby, Trails, Visual Exposure

Foundation

Concrete Block, Poured Concrete

Additional Information
Days on Market76
Listing Details
Office

STREETCITY REALTY INC., BROKERAGE

LISTING MAP

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