334 Queens Avenue London, Ontario N6B 1X4

4,000 ft2
Partially Air Conditioned Other

$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 $950.00 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 $76,681.00, 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:46638)

Business

Name Thomcare

Property Details

MLS® Number X9397468
Property Type Multi-family
Community Name East F
Amenities Near By Public Transit
Farm Type Other
Parking Space Total 5

Building

Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Other
Size Interior 4,000 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Size Depth 76 Ft ,6 In
Size Frontage 30 Ft
Size Irregular 30.01 X 76.57 Ft
Size Total Text 30.01 X 76.57 Ft
Zoning Description Da2

https://www.realtor.ca/real-estate/27544226/334-queens-avenue-london-east-f

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A Team London

(519) 872-8326

A Team London

(519) 872-8326