Street City Realty
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12975532
- Bus Major:
- Service Related
- Photos (5)
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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 residents, 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. Net operating income of $ 93,274.69 for 2025. A summary of income and operating expenses, business license and boulevard parking agreement available to interested parties.
- Property Type:
- Commercial
- Property Sub Type:
- Sale Of Business
- Freestanding:
- Yes
- Total Area:
- 4000 sq. ft. Square Feet
- Total Area:
- 4,000 sq. ft.
- Retail Area:
- 0 sq. ft. Sq Ft
- Lot Depth:
- 71'1"
- Lot Frontage:
- 30'
- Water supply:
- Municipal
- Zoning:
- DA2
- Heating type:
- Gas Hot Water
- Garage:
- In/Out
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2025
- Type Taxes:
- Annual
- Taxes:
- $5,683 / 2025
- Assessment:
- $- / 2025
- Middlesex
- London East
- East F
- Public Transit
- No
- Water heater(s) if rented.
- Appliances on site.
- Utilities:
- Yes
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $214,200
- Net Income Before Debt:
- $93,274.69
- Expenses Actual/Estimated:
- Actual
- Heating Expenses:
- $3,725.94
- Hydro Expenses:
- $9,738.76
- Insurance Expenses:
- $10,399
- Management Expenses:
- $62,438.72
- Tax Expenses:
- $5,682.98
- Operating Expenses:
- $120,925.31
- Other Expenses:
- $28,939.93
- Year Expenses:
- 120925
- Business/Building Name:
- Thomcare
- Major Business Type:
- Service Related
- Category:
- Without Property
- Franchise:
- No
- Hours Open:
- 7 days
- Employees:
- 0
- Chattels:
- Yes
- LLBO:
- No
- Seats:
- 0
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Listed by RE/MAX CENTRE CITY REALTY INC.
Data was last updated April 16, 2026 at 06:15 AM (UTC)
- DION EDWARDS
- STREET CITY REALTY
- 1 (519) 3171234
- Contact by Email
Street City Realty
Location
519 York St
London, ON, N6B 1R4