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:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
8
Bathrooms
5
Lot
50 x 167 ft
Amenities Nearby
Park, Schools, Shopping
Community Features
High Traffic Area
Features
Southern exposure, Laundry- Coin operated
Listing Contract Date
2024-10-11
Location Description
Yonge St S/Queen St W
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Multi-family
Structures
Shed
Transaction Type
For sale
Zoning Description
CG
Building
Appliances
Window Coverings
Basement Type
None
Constructed Date
1910
Cooling Type
Central air conditioning
Exterior Finish
Brick, Metal
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Park, Schools, Shopping
Sewer
Municipal sewage system
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