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$1,850,000
Available - For Sale
Listing ID: S11967374
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West! This incredible property in the heart of Elmvale offers a unique investment opportunity, combining a high-end laundromat with four fully renovated apartments. The laundromat and rental income from the apartments offers the potential for a stable and secure financial future. Located in the bustling downtown area of Elmvale, the property benefits from high visibility and foot traffic, attracting both locals and tourists. Elmvale is set to become the next crown jewel of Springwater Township, with major developments and investments underway, this prime location makes it an even more attractive investment. The laundromat is well-established with a loyal customer base and boasts a stellar 5-star rating on Google. It features state-of-the-art washers and dryers, including specialized horse blanket machines, catering to a wide range of clients. All equipment is fully owned, meaning no ongoing lease or payment obligations. The property showcases three fully renovated 2-bedroom, 1-bathroom apartments, each updated from top to bottom, along with a newly refreshed main-floor 2-bedroom, 2-bathroom unit that boasts a stunning, modern kitchen. Additionally, the building's mechanical systems, including plumbing, electrical, and heating, have been fully updated. Tenant parking is secured by a gated entrance with convenient fob access. Don't miss out on this exceptional opportunity to own a turnkey investment property in a rapidly developing area!
Price $1,850,000
Taxes: $7,263.64
Tax Type: Annual
Occupancy by: Own+Ten
Address: 30 Queen St West , Springwater, L0L 1P0, Ontario
Postal Code: L0L 1P0
Province/State: Ontario
Legal Description: LT 5 N/S OF QUEEN ST PL 397 FLOS; SPRING
Lot Size: 49.5 x 166.98 (Feet)
Directions/Cross Streets: Yonge St S/Queen St W
Zoning: CG
Category: Retail
Use: Other
Building Percentage: Y
Total Area: 5,409
Total Area Code:  Sq Ft
Office/Appartment Area: 3596
Office/Appartment Area Code: Sq Ft
Retail Area: 1813
Retail Area Code: Sq Ft
Approximatly Age: 100+
Sprinklers: N
Outside Storage: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Sewers: Sanitary
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK PEGGY HILL GROUP REALTY

30 Queen St West , Springwater, L0L 1P0, Ontario


 
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Type: Com - Commercial/Retail
Area: Simcoe
Municipality: Springwater
Neighbourhood: Elmvale
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Lot Size: 49.50 x 166.98(Feet)
Approximate Age: 100+
Tax: $7,263.64
Maintenance Fee: $0
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