$1,999,900
( $369.74Per Sq Foot )
 $10,736 est/mo Sourced by Back At You

30 Queen Street , Springwater, ON L0L 1P0

Springwater, ON L0L 1P0

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Description

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!

Details

MLS#S9393513
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site119
Listing Provided ByRE/MAX HALLMARK PEGGY HILL GROUP REALTY | Not Provided

Features

SQ Feet5,409
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

StateON
CountySimcoe
CitySpringwater
Zip CodeL0L 1P0
AreaElmvale
Listing VS Median (in L0L 1P0)
Price:
$1,999,900
low | high
Med:
$1,499,000
75.046252312616% of Average
SqFt:
5,409
low | high
Med:
4,343
69.707894250324% of Average
$ / SqFt:
$370
low | high
Med:
$345
56.648671139521% of Average
On Site:
119
low | high
Med:
112.000000
100% of Average
Sourced by Back At You
Listing Updated: January 30, 2025 at 1:31:33 AM PST