Active

30 Queen Street W

Elmvale ON, L0L 1P0

C$1,850,000


C$342.02 per sqft

Active

8 Beds

5 Baths

5,409 sqft

Multi-family

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!

40697948

MLS ID

February 11, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

5


Interior Features

Other


Appliances

Dryer, Refrigerator, Stove, Washer


Laundry Description

Coin Operated


Fireplace

No


Cooling

No


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Exterior Features

Controlled Entry, Private Entrance


Lot Features

Rectangular, City Lot, High Traffic Area, Park, Schools, Shopping Nearby


Roof

Flat, Tar/Gravel


Sewer

Sewer (Municipal)


Security

Security Gate

School Information

High School

Elmvale District Hs/St. Theresa's Chs


Elementary School

Huronia Centennial Es/Our Lady Of Lourdes Cs

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


Zoning

CG

 

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