$899,000
FOR SALE

Investment

Lot: 30.01 x 76.57 ftTotal Area: 3,000 ft2
2023 Taxes: $4,953Maintenance Fees: $9,000

334 Queens Ave
London, ON N6B 1X4 | East F | Middlesex

Located at the corner of Queens and Waterloo Street, this 2 story red brick residence has been licensed since 1997 as an informal care residential facility. It consists of 10 bedrooms offering single and double occupancy Currently, there are 16 residents. Full kitchen and 3 bathrooms. Gross annual income of $182,400.00. Summary of income and expenses in documents tab. Expense items clarified: staffing-55,480.00, food costs-13,325.00, boulevard parking-5,500.00. Seller to offer seven days of training after the sale closes. On site parking for 5 vehicles. This is a well-established business opportunity for a savvy entrepreneur. Property also listed as a rooming house or student rental. See MLS # 40578829 for details.
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Listed By RE/MAX CENTRE CITY REALTY INC., Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8283680
Last Updated May 01, 2024
Property Summary
Property Type Investment

More like this:
PIN 082650011
Legal Description ELY 30 FT LT 1 W/S WATERLOO ST PLAN 151(E) LONDON
Occupancy Tenant
Possession Date 60-89Days
Taxes (2023) $4,953
Maintenance Fees $9,000
Directions/Cross Streets Waterloo Street
Neighbourhood East F
Area Middlesex
Price History

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Detailed Information
Bathrooms 3
Lot 30.01 x 76.57 ft
Total Area 3,000 ft2
Air Conditioning None
Basement Y
Garage Type Boulevard
Parking Spaces 5
Heat Type Other
Hydro Expense $9,345
Heat Expenses $1,616
Insurance Expense $6,500
Management Expense $55,480
Operating Expenses $105,719
Other Expenses $18,325
Expenses Actual/Estimated Est
Area Influences Public Transit
Sewers Sewers
Water Municipal
UFFI No
Zoning DA2
Seller Property Info Statement Y

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