Chestnut Park | Christies

Rob Holroyd

Broker | 705-818-2040


LOADING

30 Queen Street W Elmvale, Ontario L0L 1P0

5409 sqft

$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:52042)

Business

Name The Laundromat

Property Details

MLS® Number 40594971
Property Type Retail
Amenities Near By Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Southern Exposure
Parking Space Total 8

Building

Basement Type None
Constructed Date 1910
Exterior Finish Brick, Metal
Stories Total 2
Size Exterior 5409.0000
Size Interior 5409 Sqft
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Schools
Sewer Municipal Sewage System
Size Depth 167 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cg

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26952268/30-queen-street-w-elmvale

Interested?

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