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 available. (id:31697)
| MLS® Number | S8378012 |
| Property Type | Retail |
| Community Name | Elmvale |
| FarmType | Other |
| ParkingSpaceTotal | 8 |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 5409 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 166 Ft ,11 In |
| SizeFrontage | 49 Ft ,6 In |
| SizeIrregular | 49.5 X 166.98 Ft |
| SizeTotalText | 49.5 X 166.98 Ft |
| ZoningDescription | Cg |
https://www.realtor.ca/real-estate/26952435/30-queen-street-w-springwater-elmvale-elmvale
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