30 QUEEN Street W, Elmvale, Ontario

$1,999,900

8 Beds
5 Baths
5,409 Square Feet

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! (id:56241)

Listing ID: 40662163
Property Type: Multi-family
Year Built: 1910

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Details

Amenities Nearby: Park, Schools, Shopping
Community Features: High Traffic Area
Features: Southern exposure, Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 8
Structure: Shed
Transaction: For sale
Zoning Description: CG

Building

Appliances: Window Coverings
BasementType: None
Constructed Date: 1910
Cooling: Central air conditioning
Exterior Finish: Brick, Metal
Fireplace Present: False
Bathrooms (Total): 5
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 5409 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Access Type: Road access
Amenities: Park, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 50 ft

Listing provided by Re/Max Hallmark Peggy Hill Group Realty Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 30 QUEEN Street W in Elmvale Ontario. It was last modified on October 11th, 2024. Contact Donna Crane to schedule a viewing or to discover other Elmvale real estate for sale.

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