London & Area Real Estate Listings
For Sale
334 Queens Avenue
London, ON, N6B 1X4
$899,000
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.
Property Specification
| MLS Number | 40578827 |
| Property Type | Residential Income |
| Building Area | 3,000 Square Feet |
| Total Bedrooms | 10 |
| Basement | Full, Partially Finished |
| Above Grade Sqf | 3,000 Square Feet |
| Cooling | None |
| Heating | Other |
| Lot Size Area | 2,368 Square Feet |
| Lot Size Source | GeoWarehouse |
| Parking Spaces | 5 |
| Sewage | Sewer (Municipal) |
| Year Built | 1900 |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: RE/MAX CENTRE CITY REALTY INC., BROKERAGE