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30 Queen Street W Elmvale, Ontario L0L 1P0

8 Bedroom 5 Bathroom 5409 sqft
Central Air Conditioning Forced Air

$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:44523)

Property Details

MLS® Number 40662163
Property Type Multi-family
AmenitiesNearBy Park, Schools, Shopping
CommunityFeatures High Traffic Area
Features Southern Exposure, Laundry- Coin Operated
ParkingSpaceTotal 8
Structure Shed

Building

BathroomTotal 5
BedroomsTotal 8
Appliances Window Coverings
BasementType None
ConstructedDate 1910
CoolingType Central Air Conditioning
ExteriorFinish Brick, Metal
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 5409 Sqft
Type Fourplex
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Park, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 167 Ft
SizeFrontage 50 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Cg

https://www.realtor.ca/real-estate/27533941/30-queen-street-w-elmvale

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