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Home ON Greater Barrie Springwater
30 QUEEN Street W
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30 QUEEN Street W $1,999,900
$1,999,900
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30 QUEEN Street W
Elmvale, Ontario L0L1P0

MLS® Number: 40662163
8
Bedrooms
5
Bathrooms
5409
Square Feet

Listing Description

DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West! This incredible property in the heart of Elmvale offers a unique investment opportunity, combining a high-end laundromat with four fully renovated apartments. The laundromat and rental income from the apartments offers the potential for a stable and secure financial future. Located in the bustling downtown area of Elmvale, the property benefits from high visibility and foot traffic, attracting both locals and tourists. Elmvale is set to become the next crown jewel of Springwater Township, with major developments and investments underway, this prime location makes it an even more attractive investment. The laundromat is well-established with a loyal customer base and boasts a stellar 5-star rating on Google. It features state-of-the-art washers and dryers, including specialized horse blanket machines, catering to a wide range of clients. All equipment is fully owned, meaning no ongoing lease or payment obligations. The property showcases three fully renovated 2-bedroom, 1-bathroom apartments, each updated from top to bottom, along with a newly refreshed main-floor 2-bedroom, 2-bathroom unit that boasts a stunning, modern kitchen. Additionally, the building's mechanical systems, including plumbing, electrical, and heating, have been fully updated. Tenant parking is secured by a gated entrance with convenient fob access. Don't miss out on this exceptional opportunity to own a turnkey investment property in a rapidly developing area! (68196104)

Location Description

Yonge St S/Queen St W

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Square Footage
5409 sqft
Subdivision Name
SP73 - Elmvale
Title
Freehold
Land Size
under 1/2 acre
Built in
1910
Annual Property Taxes
$5,046.99
Total Parking Spaces
8
Time on REALTOR.ca
72 days

Building

Bathrooms
Total
5
Interior Features
Appliances Included
Window Coverings
Basement Type
None
Building Features
Features
Southern exposure, Laundry- Coin operated
Structures
Shed
Total Units
5
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Metal
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Park, Schools, Shopping
Parking
Total Parking Spaces
8

Measurements

Square Footage
5409 sqft
Above Grade Finished
5409 sqft
Source: Other

Land

Lot Features
Frontage
50 ft
Land Depth
167 ft
Other Property Information
Access
Road access
Zoning Description
CG
Data provided by: Barrie & District Association of REALTORS® Inc. 676 Veterans Drive, Barrie, Ontario L9J 0H6
705-739-4455
866-919-5276
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