30 QUEEN Street W, Elmvale, Ontario
$1,999,900
- 8 Beds
- 5 Baths
- 5,409 Square Feet
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. (id:56241)
- Listing ID: 40594977
- Property Type: Multi-family
- Year Built: 1910
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Listing provided by Re/Max Hallmark Peggy Hill Group Realty Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 30 QUEEN Street W in Elmvale Ontario, was last modified on May 28th, 2024. Contact Candace Armstrong to schedule a viewing or to find other properties for sale in Elmvale.