For Sale
334 Queens Avenue
East F, London East, ON
$799,000
0Bd
0Ba
—sqft
30 x 71.06 ftlot
CommercialMLS# X12975532Listed 2026-04-099 DOM
About this home
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 $214,200.00. 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.
Features
- No
Financials
Annual Taxes
$5,683
Estimated Rental Income
Entire property$2,500 – $8,000/mo
Rental yield3.8% – 12.0%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — London East
Days on market9 days
Buyer's MarketSeller's Market
Based on active listings in London East. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
61
/ 100
Walk Score
Somewhat Walkable
44
/ 100
Transit Score
Some Transit
47
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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 information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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