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