$1,999,900
 $10,736 est/mo Sourced by Back At You

30 Queen Street W , Elmvale, ON L0L 1P0

Elmvale, ON L0L 1P0

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Description

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!

Details

MLS#40662163
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1910
Days On Site34
Listing Provided ByRe/Max Hallmark Peggy Hill Group Realty Brokerage | Peggy Hill

Features

Bed(s)8
Bath(s)5
SQ Feet5,409
Story(s)2
Units5
ZoningCG
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountySimcoe County
CityElmvale
Postal CodeL0L 1P0
AreaSpringwater
SubareaSP73 Elmvale
Community NameSP73 Elmvale
School DistrictElmvale District Hs/St. Theresa'
Elementary SchoolHuronia Centennial Es/Our Lady O
Listing VS Median (in SP73 Elmvale)
Price:
$1,999,900
low | high
Med:
$789,000
100% of Average
SqFt:
5,409
low | high
Med:
980
100% of Average
$ / SqFt:
$370
low | high
Med:
$805
67.750734475499% of Average
On Site:
34
low | high
Med:
37.000000
91.891891891892% of Average
Sourced by Back At You
Listing Updated: October 11, 2024 at 4:16:28 PM PDT