30 Queen Street West, Springwater | Image 1

30 Queen Street West

Springwater, Elmvale

  • Commercial

$1,999,900
For Sale

Added 2 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Other

  • Zoning: CG

  • Age: 100+ years

  • Taxes: 5046.99

  • MLS®#: S8074622

  • Days on Site: 48 Days

  • Added: Feb 16, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX HALLMARK PEGGY HILL GROUP REALTY

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

  • Status: Sale

  • Type: Other

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Age: 100+

  • Area: Springwater

  • Community: Elmvale

  • Availability Date: April 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 5 N/S OF QUEEN ST PL 397 FLOS; SPRINGWATER

  • Taxes: $5,047

  • Taxes Type: Annual

Land

  • Cross Street: Yonge St S/Queen St

  • Municipality District: Springwater

  • Parcel Number: 583780200

  • Sewer: Sanitary

  • Lot Depth: 166.98 Feet

  • Lot Frontage: 49.5 Feet

  • Zoning: CG

Commercial Specific

  • Retail Area: 1813

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 5409

  • Total Area Metric: Sq Ft

  • Office Size: 3596

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

  • Survey: N

Map of 30 Queen Street West, Springwater
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