Awesome investment opportunity or even better create a life where you can live where you work! The laundromat is thriving with amazing google reviews and a 4.7 star rating! Make no mistake this is two buildings at one price plus a very successful laundromat business that includes its goodwill and equipment! First building at 227 King is a detached single-family house with one tenant, three bedrooms and a potential for a fourth with a separate entrance to a lower level for lots of storage. The adjacent building at 231-233-235 King comprises two upper apartments with tenants and the laundromat on the main floor that has been operating since the early 60's! The laundromat is very well equipped with 14 washers & 20 dryers under 14 years old and offers room for further expansion and even other business opportunities. Lower level is a vast space for the mechanical workings for the building and the business with lots of other workshop space as a huge bonus. This building has 4 hydro meters and parking spaces are both at front & also at rear off the back laneway. There is a retrofit available for 231-233-235 King building from June 2010. This property presents multiple income streams with its residential units and established commercial enterprise, making it a versatile investment opportunity. DO NOT APPROACH THE EMPLOYEES OR TENANTS UNDER ANY CIRCUMSTANCES RELATING TO THIS LISTING. INCOME AND EXPENSE INFORMATION MAY BE AVAILABLE UPON BUYING AGENT AND BUYER SIGNING AN NDA. (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
Lot
40 x 115 ft
Listing Contract Date
2024-03-28
Location Description
LAFOREST AVE/ KING ST
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning Description
R2-3
Building
Basement Type
Full
Stories Total
2
Size (Exterior)
3500
Land
Total Size
under 1/2 acre
Sewer
Municipal sewage system
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