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. (id:13843)
| MLS # | X13852790 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 28 |
| Listing Provided By | RE/MAX CENTRE CITY REALTY INC. | EDWARD HAMDEN |
| Bed(s) | 20 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | DA2 |
| Cooling | None |
|---|---|
| Heating | Natural gas, Other |
| Appliances | Water meter |
| Fireplace Yes / No | No |
| Foundation Details | Block, Poured Concrete |
|---|
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
| Tax Annual Amount | 5682.98 |
|---|
| Province | ON |
|---|---|
| City | London East (East F) |
| Postal Code | N6B1X4 |
| Listing VS Median (in N6B1X4) | |
Price: $699,000 low | high Med: $699,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $280 low | high Med: $280 On site: 28 low | high Med: 28 | |
| Province | ON |
|---|---|
| City | London East (East F) |
| Postal Code | N6B1X4 |
| Listing VS Median (in N6B1X4) | |
Price: $699,000 low | high Med: $699,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $280 low | high Med: $280 On site: 28 low | high Med: 28 | |