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334 Queens Avenue, London, ON N6B 1X4

$699,000
: 20
BD
: 3
BA
: 2,500
SqFt

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List Price: $699,000
MLS#: X13852790
Status: ACTIVE
Type: Single Family Residential
SubType: Other
Style: 2-Storey
Bedrooms: 20
Bathrooms: 3
Living Area: 2500-3000
Province: ON
Municipality: London
Area: Middlesex
Neighborhood: East
Subdivision: Waterloo

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Property Description

Rare turn-key business opportunity located at the corner of Queens and Waterloo Street. This is a licensed "Informal Residential Car e 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 16 beds, each paying $1,050.00 per month. Gross annual income of $201,600.00 with net operating income of 75,231.69. It also includes a full kitchen, 3 bathrooms and two lounging areas. Fully managed with onsite staff who provide meals and a laundry service. A summary of income and operating expenses, business license and boulevard parking agreement available to interested parties. Notice of 24 hours is required for viewings.

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Additional Information

Taxes: $5,682
Heat Type: Other
Heat Source: Gas
Air Conditioning: None
Kitchens: 1
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 5