30 Queen St W
Springwater, L0L1P0
For Sale
$1,999,900
➧
➧
Retail
CATEGORY5,409 Sq Ft
TOTAL AREAS9393513
MLSIDContact Us
Property Description
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West! This incredible property in the heart of Elmvale offers a unique investment opportunity, combining a high-end laundromat with four fully renovated apartments. The laundromat and rental income from the apartments offers the potential for a stable and secure financial future. Located in the bustling downtown area of Elmvale, the property benefits from high visibility and foot traffic, attracting both locals and tourists. Elmvale is set to become the next crown jewel of Springwater Township, with major developments and investments underway, this prime location makes it an even more attractive investment. The laundromat is well-established with a loyal customer base and boasts a stellar 5-star rating on Google. It features state-of-the-art washers and dryers, including specialized horse blanket machines, catering to a wide range of clients. All equipment is fully owned, meaning no ongoing lease or payment obligations. The property showcases three fully renovated 2-bedroom, 1-bathroom apartments, each updated from top to bottom, along with a newly refreshed main-floor 2-bedroom, 2-bathroom unit that boasts a stunning, modern kitchen. Additionally, the building's mechanical systems, including plumbing, electrical, and heating, have been fully updated. Tenant parking is secured by a gated entrance with convenient fob access. Don't miss out on this exceptional opportunity to own a turnkey investment property in a rapidly developing area!
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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) Strategically positioned between Barrie and Wasaga Beach, this property offers a sophisticated blend of commercial and residential spaces, ideal for investors seeking a unique opportunity 2) Peace of mind with dependable tenants, ensuring immediate income and consistent cash flow 3) With over a decade of commercial success and the prestigious Tim Hortons Inc. as a residential tenant, this property provides unmatched stability and appeal 4) Recently updated in 2018 and 2021, the units feature a contemporary metal roof and new shingles, guaranteeing comfort and enduring structural integrity 5) Generating a solid net operating income of $53,000, this property comes complete with financial statements, presenting a rare and exclusive opportunity for investors. 5,247 fin.sq.ft. Age 137. Visit our website for more detailed information.
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