30 Queen Street W

Elmvale, ON

MLS® 40662163

For sale
$1,999,900

Bedrooms
8
Bathrooms
5
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
Residential
Road Type
Paved
Other Structures
Shed(s)
Community Features
Rectangular
City Lot
High Traffic Area
Park
Schools
Shopping Nearby
Building
Year Built
1910
Appliances
Dryer
Refrigerator
Stove
Washer
Bathrooms
5
Bedrooms
8
Building Type
Multi-4 Unit
Cooling
Central Air
Construction Materials
Metal/Steel Siding
Security Features
Security Gate
Heating
Forced Air
Natural Gas
Roof
Flat
Tar/Gravel
Sewer
Sewer (Municipal)
Interior Size
5409 Square Feet
Stories
2
Water Source
Municipal
Building Amenities
Other
Land
Lot Depth
166.98 ft
Lot Front
49.50 ft
Acres
< 0.5 Acres
Zoning
CG
Landscape Features
Controlled Entry
Private Entrance
HoodQ
Peggy Hill
Broker
RE/MAX Hallmark Peggy Hill Group Realty Brokerage

Data is provided courtesy of © 2024 Information Technology Systems Ontario Inc.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 154777879
Last Updated: 2024-10-12 20:42:12
Scroll to Top