334 Queens Avenue London East, Ontario N6B 1X4
$799,000
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 17 residents, each paying $1,050.00 per month. It also includes a full kitchen, 3 bathrooms and two lounging areas. Fully managed with onsite staff who provide meals and a laundry service. Net operating income of $ 93,274.69 for 2025. A summary of income and operating expenses, business license and boulevard parking agreement available to interested parties. (id:63476)
Property Details
| MLS® Number | X12993992 |
| Property Type | Single Family |
| Community Name | East F |
| Equipment Type | Water Heater |
| Features | Guest Suite |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 10 |
| Bedrooms Below Ground | 10 |
| Bedrooms Total | 20 |
| Appliances | Water Meter |
| Basement Type | Full |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete, Block |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 71 Ft ,1 In |
| Size Frontage | 30 Ft |
| Size Irregular | 30 X 71.1 Ft |
| Size Total Text | 30 X 71.1 Ft |
| Zoning Description | Da2 |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
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April 16 2026 05:03:15
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc.