30 Queen Street W, Elmvale ON L0L 1P0

$ 1,999,900
30 Queen Street W, Elmvale ON L0L 1P0,
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Overview

  • Updated On:
  • February 19, 2024
  • 8 Bedrooms
  • 5 Bathrooms
  • 5,409 ft2

Description

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.

Address: 30 Queen Street W, Elmvale ON L0L 1P0
City:
State/County:
Zip: L0L 1P0
Country: CA
Open In Google Maps
Property Id : 1443594
Price: $ 1,999,900
Property Size: 5,409 ft2
Bedrooms: 8
Bathrooms: 5
Other Features
Controlled Entry
Dryer
Has Heating System
Open Parking
Other
Private Entrance
Refrigerator
Stove
Washer
$ 7,754.01
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 7,754.01

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif