30 Queen St W
Springwater, L0L1P0
For Sale
$1,999,900
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Retail
CATEGORY5,409 Sq Ft
TOTAL AREAS8074622
MLSIDContact Us
Property Description
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.
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Property Details
Category
Retail
Usage
Other
Zoning
Cg
Total Area
5,409 Sq Ft
Office/Apartment Area
3,596 Sq Ft
Retail Area
1,813 Sq Ft
Lot Size
50' x 167'
Taxes
$5,047 (2023)
Parking Spaces
8
Air Conditioning
Yes
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Listing contracted with Re/Max Hallmark Peggy Hill Group Realty
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Top 5 Reasons You Will Love This Property: 1) A sophisticated blend of commercial and residential, strategically located between Barrie and Wasaga Beach 2) Enjoy ease of mind with reliable occupants, ensuring instant revenue and sustained cash flow 3) A decade-strong commercial presence and the prestigious Tim Hortons Inc. as a residential tenant offer unparalleled stability and allure 4) Recently updated units (2018, 2021), a contemporary metal roof, and new shingles (2021) provide both modern comfort and lasting structural integrity 5) Boasting a robust net operating income of $53,000 and complete with financial statements for possession, making it an exclusive opportunity for those seeking a secure investment and place to expand their roots. 5,247 fin.sq.ft. Age 137. Visit our website for more detailed information.
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