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.
Address
334 Queens Avenue
List Price
$799,000
MLS® Status
New
Expiration Date
2026-08-31
Property Type
Residential Freehold
Type of Dwelling
Other
Style of Home
2-Storey
Transaction Type
Sale
Area
London East
Sub-Area
East F
Region
Middlesex
Bedrooms
10 + 10
Bedrooms (Total)
20
Rooms Above Grade
13
Bathrooms
3
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
71.06
Lot Size Units
Feet
Lot Width
30
Parcel Number
082650011
Occupant Type
Tenant
Cross Street
Waterloo
MLS® Number
X12993992
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement Area
Full
Postal Code
N6B 1X4
Parking Places (Total)
5
Parking Spaces
5
Tax Amount
$5,682.98
Tax Year
2025
Interior Features
Guest Accommodations
Cable
Yes
Central Vacuum
No
Hydro
Yes
Ensuite Laundry
No
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Hot Water
Construction Materials
Brick
Direction Faces
North
Foundation Details
Poured Concrete, Concrete Block
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Fibreglass Shingle
Tax Legal Description
ELY 30 FT LT 1 W/S WATERLOO ST PLAN 151(E) LONDON
Waterfront
No
Sewer
Sewer