334 QUEENS AVENUE, London, ON N6B1X4 – X9397468 - Katie Van Nes

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 824,900

Est. payment | -/mo

4,000 SqFt

Save

$ 824,900

Est. payment | -/mo

Save

4,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $206

Subdivision East F

MLS® Listing ID X9397468

Originating Board London and St. Thomas Association of REALTORS®

Property Description

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 $1,050 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 $95,881.00, 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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Hot water radiator heat

Cooling Partially air conditioned

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

Listed by A TEAM LONDON

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

334 QUEENS AVENUE London, ON N6B1X4