334 Queens Avenue · London East, N6B 1X4
MLS® X13852790
Listed Oct 2, 2026
Listing courtesy of Re/max Centre City Realty INC·Updated 1 hour ago
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. 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.
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Property details
Interior
- Size
- 2500-3000 sqft
- Bedrooms
- 10 above grade, 10 lower level
- Rooms
- 13 rooms
- Bathrooms
- 1 × 3-piece on Ground, 1 × 3-piece on Second, 1 × 3-piece on Basement
- Basement
- Full
- Heating
- Other
- Cooling
- None
Building & lot
- Type
- Other, 2-Storey
- Lot size
- 30 × 71.06 ft
- Exterior
- Brick
- Foundation
- Poured Concrete, Concrete Block
- Roof
- Fibreglass Shingle
- Water & sewer
- Sewer
Parking
- Parking
- 5 spaces
Fees & taxes
- Property tax
- $5,683/yr (2025)
Estimated value range
$664K–$734K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $4,092/mo all in
Monthly payment estimate
Land transfer tax$10,455 on closing
Ontario LTT
$10,455
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 2, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Affordabilityneeds $171,000 household income
Minimum household income required
$171,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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