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:58043)
Name | The Laundromat |
MLS® Number | 40594971 |
Property Type | Retail |
AmenitiesNearBy | Schools |
CommunicationType | High Speed Internet |
CommunityFeatures | High Traffic Area |
Features | Southern Exposure |
ParkingSpaceTotal | 8 |
BasementType | None |
ConstructedDate | 1910 |
ExteriorFinish | Brick, Metal |
StoriesTotal | 2 |
SizeExterior | 5409.0000 |
SizeInterior | 5409 Sqft |
UtilityWater | Municipal Water |
AccessType | Road Access |
Acreage | No |
LandAmenities | Schools |
Sewer | Municipal Sewage System |
SizeDepth | 167 Ft |
SizeFrontage | 50 Ft |
SizeTotalText | Under 1/2 Acre |
ZoningDescription | Cg |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
https://www.realtor.ca/real-estate/26952268/30-queen-street-w-elmvale
Contact us for more information
Peggy Hill
Broker
Jim Ruddy
Salesperson