Commercial – 334 Queens Avenue, London East, ON

Property Description

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 16 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.