334 Queens Avenue

London, N6B 1X4

Bedrooms: 10+10 beds
Bathrooms: 3 baths
Interior: 2,500-3,000 ft²
Lot: 30 × 71.06 ft
Type: Other
On the market: 15 days

Compare 334 Queens Avenue

About this home

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.

Property details

MLS® number: X13852790
Property type: Other
Style: 2-Storey
Bedrooms: 10+10
Bathrooms: 3

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Kitchens

1

Interior size

2,500-3,000 ft²

Lot

30 × 71.06 ft

Basement

Full

Heating

Gas

Sewer

Parking: 5 spaces
Exterior: Brick
Roof: Fibreglass Shingle
Foundation: Poured Concrete, Concrete Block
Property taxes: $5,683 (2025)
Possession: 30-59 days
Cross street: Waterloo
Municipality: London

What it could cost each month

Mortgage estimate

$3,095a month

$139,800 down, 4.5%, 25 years

Down payment

6.5%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near Waterloo

334 Queens Avenue, London

Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Listing courtesy of RE/MAX CENTRE CITY REALTY INC.

Listed on the MLS® System of the London and St. Thomas Association of REALTORS. MLS® number X13852790. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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