334 Queens Avenue, London East (East F), ON N6B1X4
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Listing Type
Multi Family
Listing Status
active
1
$799,900
Home Details for 334 Queens Avenue
Price
$799,900
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
177
Listing #
X9397468
Property Description
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 $1,050 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 $95,881.00, 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:31684)
Property Features
Heating Information
Hot Water
Radiant
Listing Courtesy: A TEAM LONDON
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Median Square Feet
Market statistics compiled from data from Canadian Real Estate Association.