30 QUEEN Street W SP73 - Elmvale, Elmvale, Ontario, CA

Address: 30 QUEEN Street W, Elmvale, Ontario

8 Beds5 Baths5409 sqftStatus: Buy
Price $1,999,900

Property Overview


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:51532)

 

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Property Summary
Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Square Footage
5409.0000
Subdivision Name
SP73 - Elmvale
Title
Freehold
Land Size
under 1/2 acre
Built in
1910
Building
Bathrooms
Total
8
Interior Features
Appliances Included
Window Coverings
Basement Type
None
Building Features
Features
Southern exposure, Laundry- Coin operated
Square Footage
5409.0000
Structures
Shed
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Metal
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Park, Schools, Shopping
Parking
Total Parking Spaces
8
Land
Other Property Information
Zoning Description
CG
Features
           Southern exposure            Laundry- Coin operated            Window Coverings
           Central air conditioning
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Your Home Finance Calculation

Property Price CA $1,999,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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