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334 Queens Avenue London, Ontario N6B 1X4

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

Name Thomcare

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

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