124 Rectory Street London, Ontario N5Z 2A1

$619,900

Why rent or lease when you could own and generate multiple revenue streams with only one investment.\r\nWith CC zoning this property offers a range of commercial uses which services the day-to-day convenience needs\r\nof the immediate neighbourhood. Currently operating as an established turn-key restaurant offering licensed\r\ndine-in for 30 seats.\r\nUpgrades and improvements over the past two years which include a new central air unit, electrical and fixtures,\r\n30-gallon grease trap, stainless steel counter tops, vinyl siding, basement waterproofing with 2 brand new sump\r\npumps, the waterproofing comes with a 10 year worry free warranty. The completely refaced bar and dining room\r\noffers an inviting and cozy experience for customers.\r\nThe current owner-occupied upper apartment provides easy access to your personal area while operating your\r\nbusiness. It has 2 spacious bedrooms, a very large family room with a sloped ceiling that only adds to the charm of\r\nthis generous space. Fully equipped with stacking washer/dryer, stainless steel fridge with lower freezer and a gas\r\nstove 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\r\nrevenue as the apartment can be self-contained with its outside entrance that is perfect for a young professional\r\ncouple or small family.\r\nThere is onsite parking for 5 vehicles.\r\nIf all of that isn’t enough, you can even generate passive income when you assume the solar panel contract. (id:49269)

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https://www.realtor.ca/real-estate/26830417/124-rectory-street-london-eastl