30 Queen Street W
Elmvale, ON
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE!
Welcome to 30 Queen Street West in Elmvale.
This incredible property combines a thriving high-end laundromat and four charming 2-bedroom/1-bathroom apartments in the heart of Elmvale. This investment opportunity promises a substantial positive cash flow as one of the last remaining cash business opportunities available. This property is ready for you to step in and immediately start generating income. The combination of the laundromat and rental income from the apartments promises a financially secure future.
Situated in the heart of downtown Elmvale, this property enjoys a prime location with high visibility and foot traffic. This spot is a hub for locals and tourists alike, ensuring a steady stream of customers for your business and a desirable place for tenants.
With a loyal clientele and a fantastic reputation boasting stellar 5-star ratings on Google, this business is a lucrative opportunity waiting to be seized. Your investment comes complete with state-of-the-art washers and dryers, including niche horse blanket machines – catering to a diverse clientele.
One of the most attractive features of this investment is that all the equipment in the laundromat is fully owned, eliminating any ongoing lease or payment commitments. This translates to a higher profit margin for the savvy investor.
In addition to the laundromat, this property offers three charming 2-bedroom/1-bathroom apartments and one 2-bedroom/1.5 bathroom apartment, perfect for additional revenue streams. The main floor 2-bedroom unit is brand new with a magazine-worthy kitchen, providing a contemporary living space. Some updates have been made to the upper units, ensuring that your tenants enjoy comfort and modern amenities. At current market rates, this property has the potential to bring in an impressive $132,000 in annual revenue. A tremendous opportunity for those looking to secure a lucrative financial future.
The property also offers vacant possession, giving you the flexibility to decide how you want to manage the laundromat and apartments, whether you choose to operate them yourself or find new tenants.
Explore the possibilities of this remarkable investment opportunity!
#30QueenStreetWest
Property Details
Commercial
Building
Refrigerators x4
Stoves x4
Dishwasher x1
Washers x12
Dryers x11
Multi-4 Unit
None
5
8
Commercial
Central Air Conditioning
Natural Gas
Forced Air
Flat
Tar & Gravel
2
Municipal Water
Land
Year-round access
under 1 acre
CG
HoodQ
Walk Score
Last Updated: 2024-02-16 21:01:43
Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence.