$1,999,900 FOR SALE

Commercial/Retail

Lot: 49.5 x 166.98 ftTotal Area: 5,409 ft2
2023 Taxes: $5,046.99

30 Queen St W
Springwater, ON L0L 1P0 | Elmvale | Simcoe

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!

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Listed By RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S9393513
Last Updated Oct 11, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Retail
PIN 583780200
Legal Description LT 5 N/S OF QUEEN ST PL 397 FLOS; SPRINGWATER
Occupancy Own+Ten
Possession Date 90+ Days
Taxes (2023) $5,046.99
Tax Type Annual
Directions/Cross Streets Yonge St S/Queen St W
Neighbourhood Elmvale
Area Simcoe
Price History
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Detailed Information
Freestanding Y
Lot 49.5 x 166.98 ft
Retail Area 1,813 ft2
Office/Apt Area 3,596 ft2
Total Area 5,409 ft2
Approximate Age 100+
Air Conditioning Y
Basement N
Garage Type None
Parking Spaces 8
Heat Type Gas Forced Air Closd
Outside Storage N
Sprinklers N
Sewers Sanitary
Utilities Y
Water Municipal
Survey N
Lot/Bldg/Unit Code Lot
Zoning CG
Seller Property Info Statement N

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