4000 sqft
Partially Air Conditioned
Other
$824,900
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:50976)
Business
Property Details
|
MLS® Number
|
X9397468 |
|
Property Type
|
Multi-family |
|
Community Name
|
East F |
|
Amenities Near By
|
Public Transit |
|
Farm Type
|
Other |
|
Parking Space Total
|
5 |
Building
|
Cooling Type
|
Partially Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Size Interior
|
4000 Sqft |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
76 Ft ,6 In |
|
Size Frontage
|
30 Ft |
|
Size Irregular
|
30.01 X 76.57 Ft |
|
Size Total Text
|
30.01 X 76.57 Ft |
|
Zoning Description
|
Da2 |
https://www.realtor.ca/real-estate/27544226/334-queens-avenue-london-east-f
