334 Queens Avenue London East, Ontario N6B 1X4
$824,900
This property is a well-established licensed Informal Residential Care Facility located at the corner of Queens Avenue and Waterloo Street in the heart of central London. Operating as Thomcare, this charming 2-storey red brick dwelling features 10 bedrooms offering single and double occupancy, currently accommodating 16 residents each paying $1,050 per month. With a full kitchen, 3 bathrooms, and ample living space, this property offers both comfort and convenience. Boulevard parking for 5 vehicles. Generating an impressive Net Operating Income (NOI) of $95,881.00, Thomcare is fully managed with on-site staff, allowing for a hands-off investment. The property can easily be adapted for student housing or as a room rental property. Zoned DA2, this property has great flexibility for future use. Don't miss this rare opportunity to acquire a solid income-generating asset in a prime downtown location. (id:61716)
Business
| Name | Thomcare |
Property Details
| MLS® Number | X9397468 |
| Property Type | Multi-family |
| Neigbourhood | Woodfield |
| Community Name | East F |
| AmenitiesNearBy | Public Transit |
| FarmType | Other |
| ParkingSpaceTotal | 5 |
Building
| CoolingType | Partially Air Conditioned |
| HeatingType | Hot Water Radiator Heat |
| SizeInterior | 4000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 76 Ft ,6 In |
| SizeFrontage | 30 Ft |
| SizeIrregular | 30.01 X 76.57 Ft |
| SizeTotalText | 30.01 X 76.57 Ft |
| ZoningDescription | Da2 |
https://www.realtor.ca/real-estate/27544226/334-queens-avenue-london-east-east-f-east-f
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April 23 2025 03:51:33
London and St. Thomas Association of REALTORS®
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