30 Queen Street W
Elmvale, ON
MLS® 40542325
For sale $1,999,900
Bedrooms
8Bathrooms
5Interior Size
5409 ft2 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.
Property Details
Listing Contract Date
2024-02-16
2024-02-16
Parking Total
8
8
Property Type
Residential
Residential
Road Type
Paved
Paved
Other Structures
Shed(s)
Shed(s)
Community Features
Rectangular
City Lot
High Traffic Area
Park
Schools
Shopping Nearby
Building
Year Built
1910
1910
Appliances
Dryer
Refrigerator
Stove
Washer
Dryer
Refrigerator
Stove
Washer
Bathrooms
5
5
Bedrooms
8
8
Building Type
Multi-4 Unit
Multi-4 Unit
Cooling
Central Air
Central Air
Construction Materials
Metal/Steel Siding
Metal/Steel Siding
Security Features
Security Gate
Security Gate
Heating
Forced Air
Natural Gas
Forced Air
Natural Gas
Roof
Flat
Tar/Gravel
Flat
Tar/Gravel
Sewer
Sewer (Municipal)
Sewer (Municipal)
Interior Size
5409 Square Feet
5409 Square Feet
Stories
2
2
Water Source
Municipal
Municipal
Building Amenities
Other
Land
Lot Depth
166.98 ft
166.98 ft
Lot Front
49.50 ft
49.50 ft
Acres
< 0.5 Acres
< 0.5 Acres
Zoning
CG
CG
Landscape Features
Controlled Entry
Private Entrance
HoodQ
Peggy Hill
Broker
705-739-4455 (Direct)
705-739-4455 (Mobile)
RE/MAX Hallmark Peggy Hill Group Realty Brokerage
Jim Ruddy
Salesperson
705-739-4455 (Direct)
705-796-5494 (Mobile)
RE/MAX Hallmark Peggy Hill Group Realty Brokerage
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Last Updated: 2024-02-19 05:04:53