About this property

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 $201,600.00. Other expense category of $28,938 includes business license: $850, food cost: $18,261, supplies; $4,529 and boulevard parking: $5,299. 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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12975532
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	4,000 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	East F
City	London East
Postal Code	N6B 1X4
Province	ON
Listed Date	April 9, 2026
Days on Market	119
Price per Sq Ft	$200
Brokerage	RE/MAX CENTRE CITY REALTY INC.