4000 sqft
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:18082)
Business
Property Details
MLS® Number
|
X9397468 |
Property Type
|
Multi-family |
Community Name
|
East F |
AmenitiesNearBy
|
Public Transit |
FarmType
|
Other |
ParkingSpaceTotal
|
5 |
Building
CoolingType
|
Partially Air Conditioned |
HeatingFuel
|
Natural Gas |
HeatingType
|
Other |
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-f