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$1,999,900
Available - For Sale
Listing ID: S8074622
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West. This property in downtown Elmvale offers a lucrative investment opportunity, featuring a thriving high-end laundromat & three 2-bed/1-bath apartments & one 2 bed/1.5-bath apartment. Substantial positive cash flow as one of the last remaining cash business opportunities. With a prime location, it ensures a constant flow of customers & desirable tenants. The laundromat has a loyal clientele, an outstanding reputation & fully-owned (no rentals) modern equipment, guaranteeing a positive return on investment. The apartments provide additional revenue streams with a brand-new 2-bed main floor unit with a magazine-worthy kitchen & some updates to the upper units. The plumbing & electrical have been completely updated for peace of mind. The property has a potential annual revenue of $132,000 at current market rates. Tenant parking is gated with fob access. Vacant possession is avail.
Price $1,999,900
Taxes: $5,046.99
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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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
Style:
Lot Size: 49.50 x 166.98(Feet)
Approximate Age: 100+
Tax: $5,046.99
Maintenance Fee: $0
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