334 Queens Avenue

London, East F

Commercial

$XXX,XXX

For Sale

Added 3 months ago

• To view all data & photos, an account is required by the Toronto Real Estate Board.

Type: Investment
Property Type: Commercial
Business Type: Other
Zoning: DA2
Age: No Data
Taxes: 4955
MLS®#: X9397468
Days on Site: 90 Days
Added: Oct 16, 2024 (3 months ago)
Updated: Jan 14, 2025 (3 days)
Last Checked: 14 hours ago
Listed By: A TEAM LONDON

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.

Property Details

Facts for 334 Queens Avenue, London

Property

Status: Sale
Type: Other
Property Type: Investment
Property Type: Apartment
Area: London
Community: East F
Availability Date: Flexible

Inside

Air Conditioning: Part

Utilities

Utilities: Yes

Building

Heat Type: Water Radiators
Freestanding: Y
Water Supply: Municipal

Parking

Garage Type: None
Covered Parking Spaces: 5

Fees

Tax Year: 2023
Tax Legal Description: ELY 30 FT LT 1 W/S WATERLOO ST PLAN 151(E) LONDON
Taxes: $4,955
Taxes Type: Annual

Land

Cross Street: Queens Ave. & Waterl
Municipality District: London
Parcel Number: 082650011
Lot Depth: 76.57 Feet
Lot Frontage: 30.01 Feet
Zoning: DA2

Commercial Specific

Total Area: 4000
Total Area Metric: Sq Ft
Area Influence: Public Transit
Lot Code: Lot
Business/Building Name: Thomcare

See More Less Property Details

Property History

Find out when 334 Queens Avenue, London sold and its price History

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XXXXXXXX XXXXXX	XXX XX, XXXX	$899,000 XXX XXXX
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XXXXXXXX XXXXXX	XXX XX, XXXX	$999,000 XXX XXXX
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XXXXXXXX XXXXXX	XXX XX, XXXX	$999,900 XXX XXXX

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Neighbourhood

Schools, amenities, travel times, and market trends near 334 Queens Avenue, London

JK-8

St Michael

Elementary: Catholic

JK-8

Aberdeen Public School

Elementary: Public

5-8

St Mary School

Elementary: Catholic

JK-8

St Georges Public School

Elementary: Public

JK-8

St. John French Immersion School

Elementary: Catholic

K-8

Lord Roberts Public School

Elementary: Public

9-12

G A Wheable Secondary School

Secondary: Public

9-12

B Davison Secondary School Secondary School

Secondary: Public

9-12

London South Collegiate Institute

Secondary: Public

9-12

London Central Secondary School

Secondary: Public

9-12

Catholic Central High School

Secondary: Catholic

9-12

H B Beal Secondary School

Secondary: Public

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Nina Kashefpour

RE/MAX Realtron Realty Inc, Brokerage

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334 Queens Avenue

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