Active
30 Queen Street W
Elmvale ON, L0L 1P0
C$1,850,000
C$342.02 per sqft
Active
8 Beds
5,409 sqft
Commercial
Built in 1910
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!
40697944
MLSⓇ ID
February 11, 2025
Listed
February 20, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
8
Interior Features
High Speed Internet
Appliances
Dryer, Refrigerator, Stove, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Features
Rectangular, City Lot, High Traffic Area, Schools
Sewer
Sewer (Municipal)
Security
Security Gate
Other Property Details
Area Name
Springwater
Taxes
$7,264
Tax Frequency
Annually
Garage
No
Parking Total
8
View
No
County
Simcoe County
Water Source
Municipal
Utilities
Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Street Lights, Phone Connected
Zoning
CG