124 RECTORY Street, London, Ontario — Jeff McFalls, RE/MAX Centre City Realty Inc., Brokerage

Overview

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:6509)

Tours

Details

Property

Address: 124 RECTORY Street
City: London, Ontario, Canada
Style: 2 Level
Exterior: Brick, Vinyl siding
MLS® Number: 40567532

Financial

Status: For Sale
List Price: $619,900
Property Taxes: $4,160

Rooms

Bedrooms: 2
Bathrooms: 1
Basement: Partially finished, Full

Parking

Type: 5

Utilities

Central Air: Central air conditioning
Heat Type: Forced air
Waste Water: Municipal sewage system

Calculators

Nearby Schools

Name	Address	Phone	Type
Holy Rosary Separate School Enrolment: 185 Address: 123 Anywhere St., Markham Phone: (519) 675-4415 Type: Catholic	268 Herkimer St	(519) 675-4415	Catholic
St Mary School Enrolment: 225 Address: 123 Anywhere St., Markham Phone: (519) 675-4423 Type: Catholic	347 Lyle St	(519) 675-4423	Catholic
St Sebastian Separate School Enrolment: 230 Address: 123 Anywhere St., Markham Phone: (519) 660-2791 Type: Catholic	225 Cairn St	(519) 660-2791	Catholic
St. John French Immersion School Enrolment: 510 Address: 123 Anywhere St., Markham Phone: (519) 675-4420 Type: Catholic	1212 Coronation Drive Dr	(519) 675-4420	Catholic
Aberdeen Public School Enrolment: 210 Address: 123 Anywhere St., Markham Phone: (519) 452-8010 Type: Public	580 Grey St	(519) 452-8010	Public
Académie de la Tamise Enrolment: 265 Address: 123 Anywhere St., Markham Phone: (519) 659-8174 Type: Public	1260 Dundas rue	(519) 659-8174	Public
Ealing Public School Enrolment: 195 Address: 123 Anywhere St., Markham Phone: (519) 452-8150 Type: Public	840 Hamilton Rd	(519) 452-8150	Public
Lester B Pearson School for the Arts Enrolment: 280 Address: 123 Anywhere St., Markham Phone: (519) 452-8300 Type: Public	795 Trafalgar St	(519) 452-8300	Public
Lord Roberts Public School Enrolment: 300 Address: 123 Anywhere St., Markham Phone: (519) 452-8330 Type: Public	440 Princess Ave	(519) 452-8330	Public
Princess Elizabeth Public School Enrolment: 875 Address: 123 Anywhere St., Markham Phone: (519) 452-8490 Type: Public	247 Thompson Rd	(519) 452-8490	Public
Tecumseh Public School Enrolment: 320 Address: 123 Anywhere St., Markham Phone: (519) 452-8600 Type: Public	401 Tecumseh Ave E	(519) 452-8600	Public
Trafalgar Public School Enrolment: 140 Address: 123 Anywhere St., Markham Phone: (519) 452-8610 Type: Public	919 Trafalgar St	(519) 452-8610	Public

Name	Address	Phone	Type
Catholic Central High School Enrolment: 1035 Address: 123 Anywhere St., Markham Phone: (519) 675-4431 Type: Catholic	450 Dundas St	(519) 675-4431	Catholic
École secondaire catholique École secondaire Monseigneur-Bruyère Enrolment: 265 Address: 123 Anywhere St., Markham Phone: (519) 673-4223 Type: Catholic	920 Huron rue	(519) 673-4223	Catholic
John Paul II Catholic Secondary School Enrolment: 780 Address: 123 Anywhere St., Markham Phone: (519) 675-4432 Type: Catholic	1300 Oxford St E	(519) 675-4432	Catholic
Robarts Provincial School for the Deaf Enrolment: Address: 123 Anywhere St., Markham Phone: (519) 453-4400 Type: Provincial	1515 Cheapside Street	(519) 453-4400	Provincial
Robarts/Amethyst Demonstration Secondary School Enrolment: Address: 123 Anywhere St., Markham Phone: (519) 453-4400 Type: Provincial	1515 Cheapside Street	(519) 453-4400	Provincial
B Davison Secondary School Secondary School Enrolment: 115 Address: 123 Anywhere St., Markham Phone: (519) 452-2880 Type: Public	785 Trafalgar St	(519) 452-2880	Public
G A Wheable Secondary School Enrolment: Address: 123 Anywhere St., Markham Type: Public	70 Jacqueline St		Public
H B Beal Secondary School Enrolment: 1765 Address: 123 Anywhere St., Markham Phone: (519) 452-2700 Type: Public	525 Dundas St	(519) 452-2700	Public
London Central Secondary School Enrolment: 1060 Address: 123 Anywhere St., Markham Phone: (519) 452-2620 Type: Public	509 Waterloo St	(519) 452-2620	Public
London South Collegiate Institute Enrolment: 720 Address: 123 Anywhere St., Markham Phone: (519) 452-2860 Type: Public	371 Tecumseh Ave E	(519) 452-2860	Public
Sir Wilfrid Laurier Secondary School Enrolment: 1155 Address: 123 Anywhere St., Markham Phone: (519) 452-2840 Type: Public	450 Millbank Dr	(519) 452-2840	Public
Thames Valley Alternative Secondary School Enrolment: 170 Address: 123 Anywhere St., Markham Phone: (519) 452-2660 Type: Public	70 Jacqueline St	(519) 452-2660	Public

Neighbourhood

579,855 Homes For Sale
Average Asking Price

2,049 Homes For Lease
Average Asking Price

Disclaimer: Statistics are based on active listings within a 2 km radius.

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Listing Provided By:

STREETCITY REALTY INC., BROKERAGE

Listed on: April 11, 2024