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MLS® X13852790
London, ON
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.
Broker
RE/MAX CENTRE CITY REALTY INC
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Other
334 Queens Avenue London
London East
Type
Other
Basement
Full
Parking
None (5)
Property Tax
~$5,683/yr
Heating
Other
Buying Essentials
Square Feet
2750 sqft
Facing Direction
North
Parking
None (5)
Finances
List Price
$699,000
Price per SQFT
$254/sqft
Property Tax
~$5,683/yr
Property Specs
Property Type
Other
MLS Size
2750 sqft
Basement
Full
Living & Amenities
Heating Type
Other
Features
None
Policies & Utilities
Neighbourhood
London East
Listed On
Oct 1, 2026
Days on Market
Current: 37 days
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