334 Queens Avenue, London East, ON N6B 1X4
London East, N6B 1X4
About This Home
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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Based on this home's list price of $699,000.
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This listing is courtesy of RE/MAX CENTRE CITY REALTY INC. Justin Skrypnyk can arrange a private showing or answer questions as your buyer's representative.
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334 Queens Avenue, London East, ON N6B 1X4
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334 Queens Avenue, London East, ON N6B 1X4
$699,000
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