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:4069)
| Address |
30 QUEEN ST W |
| List Price |
$1,999,900 |
| Property Type |
Retail |
| Area |
Ontario |
| Sub-Area |
Springwater |
| Floor Area |
5,409 Sq. Ft. |
| Lot Size |
49.5 x 166.98 FT Sq. Ft. |
| MLS® Number |
S8074622 |
| Listing Brokerage |
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
|
| Postal Code |
L0L1P0 |
