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Tuesday, July 21st, 2026

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$799,000
Available - For Sale
Listing ID: X12975532
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.
Price $799,000
Taxes: $5,683
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 334 Queens Avenue , London East, N6B 1X4, Middlesex
Postal Code: N6B 1X4
Province/State: Middlesex
Legal Description: ELY 30 FT LT 1 W/S WATERLOO ST PLAN 151(
Directions/Cross Streets: Waterloo
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  0
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Category: Without Property
Use: Service Related
Building Percentage: T
Total Area: 4,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Business/Building Name: Thomcare
Financial Statement: F
Chattels: T
Franchise: F
Hours Open: 7 days
Employees #: 0
Seats: 0
 Management Expense: 62439
Maintenance: 0
Vacancy Allowance: 5783
Net Income Before Debt: $87492
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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RE/MAX CENTRE CITY REALTY INC.

334 Queens Avenue , London East, N6B 1X4, Middlesex

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Sale Of Business
Area: Middlesex
Municipality: London East
Neighbourhood: East F
Style:
Lot Size: x 71.06(Feet)
Approximate Age:
Tax: $5,683
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com