30 Queen Street W
Elmvale, ON
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE!
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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 modernized 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 offers the potential for a stable and secure financial 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. Elmvale is poised to become the next crown jewel of Springwater Township, with major development projects and significant investment transforming the area.
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. Additionally, the building’s mechanical systems, including plumbing, electrical, and heating, have all been fully updated for modern efficiency.
In addition to the laundromat, this property offers three charming 2-bedroom, 1-bathroom apartments and one 2-bedroom, 2-bathroom apartment, perfect for additional revenue streams. The main floor 2-bedroom unit is new with a magazine-worthy kitchen, providing a contemporary living space. The three upper units are completely renovated from top to bottom, offering modern finishes & a fresh, updated living space. Tenant parking is secured by a gated entrance with convenient fob access.
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
Walk Score
Last Updated: 2024-10-11 20:10:04
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.