$1,999,900 FOR SALE

Commercial/Retail

Lot: 50 x 167 ft

30 Queen Street W
Elmvale, ON L0L 1P0

DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West. This property in downtown Elmvale offers a lucrative investment opportunity, featuring a thriving high-end laundromat & three 2-bed/1-bath apartments & one 2 bed/1.5-bath apartment. Substantial positive cash flow as one of the last remaining cash business opportunities. With a prime location, it ensures a constant flow of customers & desirable tenants. The laundromat has a loyal clientele, an outstanding reputation & fully-owned (no rentals) modern equipment, guaranteeing a positive return on investment. The apartments provide additional revenue streams with a brand-new 2-bed main floor unit with a magazine-worthy kitchen & some updates to the upper units. The plumbing & electrical have been completely updated for peace of mind. The property has a potential annual revenue of $132,000 at current market rates. Tenant parking is gated with fob access. Vacant possession is avail. (id:47423)

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Listed By Re/Max Hallmark Peggy Hill Group Realty Brokerage
Data Provided By Barrie & District Association of REALTORS® Inc.
MLS® Listing Number 40542335
Last Updated Apr 10, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Subdivision SP73 - Elmvale
Price History
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Detailed Information
Lot 50 x 167 ft
Amenities Nearby Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Southern exposure
Listing Contract Date 2024-02-16
Location Description Yonge St S/Queen St W
Ownership Type Freehold
# of Parking Spaces 8
Property Type Retail
Transaction Type For sale
Zoning Description CG
Business
Name The Laundromat
Building
Basement Type None
Constructed Date 1910
Exterior Finish Brick, Metal
Stories Total 2
Size (Exterior) 5409
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Road access
Amenities Schools
Sewer Municipal sewage system
External Links

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