334 Queens Avenue, London East, ON N6B 1X4
$799,000
activeNEW
About This Property
Rare turn-key business opportunity located at the corner of Queens and Waterloo Street. This is a licensed "Informal Residential Care 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 17 beds, each paying $1,050.00 per month with a projected annual gross income of $201,600.00. Other expense category of $28,938 includes business license: $850, food cost: $18,261, supplies; $4,529 and boulevard parking: $5,299. 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.
Property Details
Commercial
Active
X12975532
0
0
4,000
East F
April 9, 2026
Features & Amenities
Location
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334 Queens Avenue, London East, ON N6B 1X4
334 Queens Avenue, London East, ON N6B 1X4
Listing Information
Listing Information
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Re/Max Crossroads Realty Inc., Brokerage — 533 Danforth Rd, Scarborough ON M1K 1C9