334 Queens Avenue, London East (East F), Ontario N6B 1X4

Main Content

High-performing informal care facility with strong NOI, centrally located and zoning-flexible

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Listed At $799,900

Boulevard parking for approximately 5 vehicles

Parking

Multi-family / Informal Residential Care Facility

Property Type

4,000 sq ft

Square Footage

$4,955

Annual Property Taxes

A rare income-generating investment in downtown London: 334 Queens Avenue, currently operating as “Thomcare,” a licensed informal residential care facility. The charming

two-storey red brick property comprises 10 bedrooms configured for single and double occupancy, housing 16 residents at $1,050/month. Operating with on-site management, the asset delivers a lucrative Net Operating Income of $95,881, offering a hands-off ownership experience. With DA2 zoning, the property also presents exceptional flexibility, allowing future conversion into student housing, boutique hotel, commercial office, or other creative adaptive-use models.

Property Highlights

Functional facility generating an NOI of ~$95,881

Ten bedrooms configured to house 16 residents at $1,050/month rental rate

Three full bathrooms and a full kitchen for resident convenience

Boulevard parking for five vehicles included

Zoned DA2, offering broad adaptive-use potential

Operated with on-site staff, providing a turnkey, hands-off investment

London (East F)

Nestled at the corner of Queens and Waterloo Streets, this property resides in the heart of downtown London—steps from Victoria Park, transit, retail, restaurants, and institutional amenities. Its central location ensures high visibility and convenient access, with existing infrastructure attracting renters, professionals, and future redevelopment interest alike.

London (East F) Neighborhood Guide