30 Queen Street W

Elmvale, ON

MLS® 40662148

For sale
$1,999,900

Bedrooms
8
Interior Size
5409 ft2
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!
Property Details
Listing Contract Date
2024-10-11
Parking Total
8
Property Type
Commercial
Road Type
Paved
Community Features
Rectangular
City Lot
High Traffic Area
Schools
Building
Year Built
1910
Appliances
Dryer
Refrigerator
Stove
Washer
Bedrooms
8
Building Type
Retail
Commercial
Construction Materials
Metal/Steel Siding
Security Features
Security Gate
Sewer
Sewer (Municipal)
Interior Size
5409 Square Feet
Stories
2
Water Source
Municipal
Building Amenities
High Speed Internet
Land
Lot Depth
166.98 ft
Lot Front
49.50 ft
Acres
< 0.5 Acres
Zoning
CG
HoodQ
Peggy Hill
Broker
RE/MAX Hallmark Peggy Hill Group Realty Brokerage
Jim Ruddy
Salesperson
RE/MAX Hallmark Peggy Hill Group Realty Brokerage

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Listing ID: 154777019
Last Updated: 2024-10-12 20:42:12
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