334 QUEENS AVENUE London

334 QUEENS AVENUE, London, Ontario

$824,900

  • 4,000 Square Feet

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:56241)

  • Listing ID: X9397468
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Public Transit
  • Farm: Other
  • Parking Spaces: 5
  • Transaction: For sale
  • Zoning Description: DA2

Building

  • Cooling: Partially air conditioned
  • Fireplace Present: False
  • Heating: Hot water radiator heat
  • Size Interior: 4000 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Size Frontage: 30 ft
  • Size Irregular: 30.01 x 76.57 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 334 QUEENS AVENUE in London Ontario. It was last modified on October 16th, 2024. Contact us to schedule a viewing or to discover other London real estate for sale.

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