124 RECTORY Street, London | Image 1

124 RECTORY Street

London, East L

  • - bed - bath
$XXX,XXX Listed: $XXX,XXX
Inactive

Inactive on Aug 30, 2024

Note: Property is not currently for sale or for rent.

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  • Type: Detached

  • Style: 2-Storey

  • Lot Size: 30.08 x 97.42 Acres

  • Age: 51-99 years

  • Days on Site: 148 Days

  • Added: Apr 04, 2024 (4 months on market)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X8286862

  • Listed By: Streetcity realty inc.

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.

Status

  • Days on Market: 148

  • Last Status: Expired

  • Sold Date: Sep 07, 2024

  • Closed Date: Nov 30, -0001

  • Expiry Date: Aug 30, 2024

  • Unavailable Date: Aug 31, 2024

  • Input Date: Apr 07, 2024

  • Prior LSC: Listing with no contract changes

Property

  • Status: Sale

  • Property Type: Detached

  • Style: 2-Storey

  • Age: 51-99

  • Area: London

  • Community: East L

  • Availability Date: Flexible

Inside

  • Bedrooms: 2

  • Bathrooms: 1

  • Kitchens: 1

  • Rooms: 5

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: No

  • Washrooms: 1

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Available

  • Telephone: Yes

Building

  • Basement: Full

  • Heat Type: Forced Air

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Elevator: N

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Other

  • Garage Type: None

  • Covered Parking Spaces: 5

  • Total Parking Spaces: 5

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 19 PLAN 298 (3RD) AS IN 926959 LONDON/LONDON TWP

Land

  • Cross Street: VAN STREET

  • Municipality District: London

  • Parcel Number: 083070071

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 97.42 Acres

  • Lot Frontage: 30.08 Acres

  • Acres: < .50

  • Zoning: CC

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Very Walkable

  • Most errands can be accomplished on foot.
88 /100

Some Transit

  • Most errands require a car.
48 /100

Bikeable

  • Some errands can be accomplished on bike.
69 /100
JK-8

Holy Cross Separate School

Elementary: Catholic
1.06 km
JK-8

Trafalgar Public School

Elementary: Public
0.63 km
JK-8

Aberdeen Public School

Elementary: Public
0.77 km
5-8

St Mary School

Elementary: Catholic
0.95 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
0.46 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.13 km
9-12

G A Wheable Secondary School

Secondary: Public
1.12 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
1.99 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
0.45 km
9-12

London Central Secondary School

Secondary: Public
2.12 km
9-12

Catholic Central High School

Secondary: Catholic
1.67 km
9-12

H B Beal Secondary School

Secondary: Public
1.31 km
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