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:4069)
Address
334 QUEENS AVENUE
List Price
$824,900
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
London
Floor Area
4,000 Sq. Ft.
Lot Size
30.01 x 76.57 FT Sq. Ft.
MLS® Number
X9397468
Listing Brokerage
A TEAM LONDON
Postal Code
N6B1X4
Zoning
DA2
Site Influences
Public Transit
