$1,999,900
FOR SALE

Fourplex

Bedrooms: 8Bathrooms: 5Lot: 50 x 167 ft

30 Queen Street W
Elmvale, ON L0L 1P0

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:47421)
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Listed By Re/Max Hallmark Peggy Hill Group Realty Brokerage
Data Provided By Barrie & District Association of REALTORS® Inc.
MLS® Listing Number 40662163
Last Updated Oct 11, 2024
Property Summary
Property Type Fourplex

More like this:
Subdivision SP73 - Elmvale
Price History

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Detailed Information
Bedrooms 8
Bathrooms 5
Lot 50 x 167 ft
Amenities Nearby Park, Schools, Shopping
Community Features High Traffic Area
Features Southern exposure, Laundry- Coin operated
Listing Contract Date 2024-10-11
Location Description Yonge St S/Queen St W
Ownership Type Freehold
# of Parking Spaces 8
Property Type Multi-family
Structures Shed
Transaction Type For sale
Zoning Description CG
Building
Appliances Window Coverings
Basement Type None
Constructed Date 1910
Cooling Type Central air conditioning
Exterior Finish Brick, Metal
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Fourplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Road access
Amenities Park, Schools, Shopping
Sewer Municipal sewage system

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