334 Queens Avenue For Sale

London, East F, N6B 1X4

$824,900

Description

Listed by A TEAM LONDON.

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.

Location

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  • Address: 334 Queens Avenue
  • Neighborhood: East F
  • City: London
  • State: Ontario
  • Postal Code: N6B 1X4

Property Details

  • Property ID: X9397468
  • Property Price: $824,900
  • Style: Investment, Apartment
  • Parking Spaces: 5
  • A/C: Part
  • Heating: Gas Forced Air Open
  • Taxes: $4,955.00 (2023)
  • Lot: 76.57x30.01 (Feet)

Property History

This property has been sold 19 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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