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334 QUEENS AVENUE, London East (East F)

20 BEDS · 3 BATHS · 2500 - 3000 sqft

$699,000

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.

General Info


MLS Listing ID: X13852790 Bedrooms: 20 Bathrooms: 3 Year Built: 0
Listing Type: Single Family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete, Block Roof: N/A Title To Land: N/A Parking Space Total: 5
Parking: No Garage Heating: Other Size: 2500 - 3000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: EDWARD HAMDEN, RE/MAX CENTRE CITY REALTY INC

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