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    For Sale - 334 Queens Avenue, London East, Ontario

    Est payment $3,357/mo
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    Views   4
    Time on Jump  24 day

    AI Summary *

    • Turn-key business opportunity with a licensed informal residential care facility.
    • Two-storey red brick building with 10 bedrooms for single and double occupancy.
    • Gross annual income of $201,600 with significant net operating income.
    • Includes a full kitchen, multiple bathrooms, and lounging areas.
    • Onsite staff provide meals and laundry service for residents.




    Rare turn-key business opportunity located at the corner of queens and waterloo street. This is a licensed "informal residential car e 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. Gross annual income of $201,600. 00 with net operating income of 75,231. 69. 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. Notice of 24 hours is required for viewings.
    Listing IDX13852790
    Address334 Queens Avenue
    CityLondon East, Ontario
    Price$699,000
    Bed / Bath20 / 3 Full
    Style2-Storey, Other
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype OtherIndoor Features NoneOwnership FreeholdBasement FullFoundation Poured Concrete, Concrete BlockHeating / Cooling OtherHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Brokerage: 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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    334 Queens Avenue
    London East , Ontario
    20 3 $699,000
    Get more info