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:47423)
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Detailed Information
Lot
30 x 97 ft
Amenities Nearby
Public Transit, Schools
Communication Type
High Speed Internet
Equipment
Water Heater
Features
Visual exposure, Rail, Solar Equipment
Listing Contract Date
2024-04-04
Location Description
North on Rectory from Hamilton Road
Ownership Type
Freehold
Property Type
Office
Rental Equipment
Water Heater
Signage
Unknown
Transaction Type
For sale
Zoning Description
CC
Building
Basement Type
Full
Exterior Finish
Brick, Vinyl siding
Foundation Type
Block
Stories Total
2
Size (Exterior)
2100
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
0.067 acres
Access Type
Road access
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
Size of Irregular Land
0.067
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