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    For Sale - 334 Queens Avenue, London East, Ontario

    Est payment $3,837/mo
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    Views   4
    Time on Jump  127 day

    AI Summary *

    • Turn-key business opportunity with established operation since 1997.
    • 10 bedrooms with capacity for 17 beds, generating substantial income.
    • Includes fully equipped kitchen and multiple lounging areas for residents.
    • Onsite staff provide meals and laundry service for convenience.
    • Detailed income and expense summary available for serious inquiries.




    Rare turn-key business opportunity located at the corner of queens and waterloo street. This is a licensed "informal residential care 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 with a projected annual gross income of $201,600. 00. Other expense category of $28,938 includes business license: $850, food cost: $18,261, supplies; $4,529 and boulevard parking: $5,299. 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.
    Listing IDX12975532
    Address334 Queens Avenue
    CityLondon East, Ontario
    Price$799,000
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessCommunity Features Public TransitBasement 1Heating / Cooling Gas Hot Water

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    Listing Agency:  RE/MAX CENTRE CITY REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    Loading...
    334 Queens Avenue
    London East , Ontario
    $799,000
    Get more info