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 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! (id:52042)

Business

Name The Laundromat

Property Details

MLS® Number 40662148
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/27533852/30-queen-street-w-elmvale

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