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$ 1,999,900
Est. payment | /mo
5,409 SqFt
$ 1,999,900
Est. payment | /mo
5,409 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,409 sqft
Price per Sqft $369
Subdivision Sp73 - Elmvale
MLS® Listing ID 40662148
Originating Board Barrie & District Association of REALTORS® Inc.
Year Built 1910
Property 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! (id:24570)
Location
Province ON
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Re/Max Hallmark Peggy Hill Group Realty Brokerage
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Kim Avery
Agent