LOADING

30 Queen St W Springwater, Ontario L0L 1P0

5409 sqft
Fully Air Conditioned

$1,999,900

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:4014)

Property Details

MLS® Number S8074622
Property Type Retail
Community Name Elmvale
Parking Space Total 8

Building

Cooling Type Fully Air Conditioned
Size Interior 5409 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Irregular 49.5 X 166.98 Ft
Size Total Text 49.5 X 166.98 Ft

https://www.realtor.ca/real-estate/26524188/30-queen-st-w-springwater-elmvale