334 Queens Avenue, London East, ON N6B 1X4
London East
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 334 Queens Avenue, London East, ON N6B 1X4
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MLS# X12975532
Listed by RE/MAX CENTRE CITY REALTY INC.
On market since Apr 9, 2026
What comparable homes actually sold for in the last 12 months.
334 Queens Avenue, London East, ON N6B 1X4 is listed for $799,000 CAD.
334 Queens Avenue, London East, ON N6B 1X4 is a Sale Of Business, 4,000 sq ft.
334 Queens Avenue, London East, ON N6B 1X4 is in London East, Ontario.
334 Queens Avenue, London East, ON N6B 1X4 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 334 Queens Avenue, London East, ON N6B 1X4 (MLS# X12975532). You can also send a message through the contact form on this site.
