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$1,999,900
Status: For Sale
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.
Property Type | :Commercial Sale |
MLS Number | :40594971 |
Listing Type | :Sale |
Property Age | :100+ Years years |
Possession Date | : |
Last Updated | :28 May, 2024 (114 Days ago) |
Source | :Barrie |
Price | : $1,999,900 |
Property Taxes | :$5046.99 |
Tax Year | :2023 |
Bedrooms | :8 + |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Approx Square Footage | :5409 sqft |
Parking Space | :8 |
Park | :Park |
Park | :Park |
28 May, 2024
TREB #40594971
Listed
$1999900