Room 1
Level not provided
334 Queens Ave
East F, London East, Ontario N6B 1X4
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13852790
- Board
- TRREB MLS®
- Days on market
- Tax
- $5,683
- Size
- 2500-3000 sqft
- Lot
- 30 × 71.06 Feet
- Parking
- None, 5 Parking
Listing History
Listing activity for 334 Queens Ave, London East, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $699,000 | N/A | For Sale | X13852790 |
Property Details
Property
- Property Type
- Other
- Style
- 2-Storey
- Community
- East F
- Municipality
- London East
Inside
- Bedrooms
- 10+10
- Bathrooms
- 3
- Bathroom Detail
- 1, 3pc, Ground
- Bathroom Detail
- 1, 3pc, 2nd
- Bathroom Detail
- 1, 3pc, Bsmt
- Basement Type
- Full
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Other
Building
- Size
- 2500-3000 sqft
- Construction
- Brick
Parking
- Garage Type
- None
- Add. Parking
- 5
- Total Parking
- 5
Land
- Sewer
- Sewers
- Lot Size
- 30 × 71.06 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Poured Concrete, Concrete Block
- Roof
- Fibreglass Shingle
- Pool
- None
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 8 on record nearby 6 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m9 test or monitoring holes also recorded.
- Groundwater recorded about 9 m below ground nearbyThe middle water level in the well records within 500 m (71 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 8.0 km
Province of Ontario open data
Around the home
- Nearest rail line: 560 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is London District Energy, 640 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by London Hydro Inc.
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$3,205
- Down payment$139,800
- Mortgage amount$559,200
- Total interest$402,300
- Total cost$1,101,300
Cash flow analysis
$3,205
Total monthly payment
$3,679
Break-even down payment
100%
Cash flow-$3,679
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$699,000
$699,000
CAD
Estimate unavailable
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