334 Queens AVE Pending Save Request In-Person Tour Request Virtual Tour
London East,ON N6B 1X4
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $206
Subdivision East F
MLS Listing ID X9397468
Annual Tax Amount $4,955
Tax Year 2023
Property Sub-Type Investment
Property Description
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 $1,050 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 $95,881.00, 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.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning DA2
Interior
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 30.01
Lot Depth 76.57