30 Queen Street W Elmvale, Ontario L0L 1P0
$1,999,900
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:27910)
Property Details
| MLS® Number | 40594977 |
| 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 |
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May 31 2024 04:13:56
Barrie & District Association of REALTORS® Inc.
RE/MAX Hallmark Peggy Hill Group Realty Brokerage