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334 Queens Ave

Queens Ave, Central London, London, ON, N6B 1X4

-
Beds
-
Baths
4,000
Sq. Ft.
$824,900
List Price
Details
Photos
1
Comparables
History
334 Queens Ave, London, ON
113 days on market

Quick Summary

  • Established licensed Informal Residential Care Facility
  • Charming 2-storey red brick dwelling with 10 bedrooms
  • Accommodates 16 residents with $950 monthly rent
  • Offers full kitchen, 3 bathrooms, and ample living space
  • Generates impressive $76,681 Net Operating Income
  • Fully managed with on-site staff for hands-off investment
  • Flexible zoning allows for student housing or room rentals
  • Prime downtown location with boulevard parking for 5 vehicles

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... Show More

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:54626)

Property Details

Size

4,000 sq. ft.
0 Beds
0 Baths

Parking

5 Parking Spaces
-

Lot

Size
360′0″ * 917′12″
Acres
-

Heating & Cooling

Heating
Hot water radiator heat
Cooling
Partially air conditioned

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X9397468
Last Updated
January 14, 2025
Brokerage
A TEAM LONDON
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