map icon

124 Rectory St

Rectory StEalingLondonON, N5Z 2A1

2
Beds
1
Baths
$619,900
List Price
124 Rectory St, London, ON - 1 of 3
124 Rectory St, London, ON - 2 of 3
124 Rectory St, London, ON - 3 of 3
45 days on market

Quick Summary

  • Versatile commercial zoning allows for diverse business uses
  • Established turn-key restaurant with licensed dine-in seating
  • Newly upgraded mechanical systems, including HVAC and waterproofing
  • Charming upper-level apartment with separate entrance for rental income
  • Ample on-site parking for 5 vehicles
  • Opportunity to generate passive income from solar panel contract

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... Show More

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:54626)

Property Details

Size

Sq. Ft. Not Available
across 2 floors
2 Beds
2 Above Grade
1 Bath
1 Full

Parking

5 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Vinyl siding, Brick
Foundation
Block, Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning, Ventilation system

Utilities

Water
Municipal water
Sewer
Sanitary sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8286862
Last Updated
May 19, 2024
Brokerage
STREETCITY REALTY INC., BROKERAGE
Powered by: REALTOR.ca
Call us 800-591-0566

Book A Private Showing

Sold Nearby

367 Hamilton Rd, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
367 Hamilton Rd
$XXX,XXX
London, ON, N5Z 1R6
  • 4
  • 2
25 Redan St, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
25 Redan St
$XXX,XXX
London, ON, N5Z 1Y7
  • 4
  • 2
25 Redan St, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
25 Redan St
$XXX,XXX
London, ON, N5Z 1Y7
  • 4
  • 1
359 Hamilton Rd, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
359 Hamilton Rd
$XXX,XXX
London, ON, N5Z 1R6
  • 5
  • 3
96 Chesley Ave, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
96 Chesley Ave
$XXX,XXX
London, ON, N5Z 2C1
  • 3
  • 2
355 Hamilton Rd, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
355 Hamilton Rd
$XXX,XXX
London, ON, N5Z 1R6
  • 3
  • 1
116 Mamelon St, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
116 Mamelon St
$XXX,XXX
London, ON, N5Z 1Y1
  • 3
  • 1
860 Trafalgar St, London, ON
Sold Listing
Get verified. Local real estate boards require email verification.
860 Trafalgar St
$XXX,XXX
London, ON, N5Z 4W4
  • 1,100 - 1,500 Sq. Ft.
  • 3
  • 3

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.