334 Queens Avenue, London East, ON N6B 1X4
London East, ON N6B 1X4
About this property
Rare turn-key business opportunity located at the corner of Queens and Waterloo Street. This is a licensed "Informal Residential Car e Facility" known as Thomcare that has been operating since 1997 and the owner is retiring. This 2-storey red brick residence consists of 10 bedrooms offering single and double occupancy for 16 beds, each paying $1,050.00 per month. Gross annual income of $201,600.00 with net operating income of 75,231.69. It also includes a full kitchen, 3 bathrooms and two lounging areas. Fully managed with onsite staff who provide meals and a laundry service. A summary of income and operating expenses, business license and boulevard parking agreement available to interested parties. Notice of 24 hours is required for viewings.
Property facts & features
- Property type
- Other
- MLS® number
- X13852790
- Source status
- New
- Bedrooms
- 20
- Bathrooms
- 3
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- N6B 1X4
- Parking spaces
- 5
- Garage
- None
- Lot depth (source units)
- 71.06
- Annual property tax
- 5682.98
- Basement
- Full
- Laundry
- Not provided
- Interior features
- None
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $699,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in London East →Listing brokerage: RE/MAX CENTRE CITY REALTY INC. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13852790. Information deemed reliable but not guaranteed.