• Mobile: 416-574-5561
  • Office: 905-731-2000
  • Fax: 905-886-7556

$1,850,000
Available - For Sale
Listing ID: S12210029
30 Queen Stre West , Springwater, L0L 1P0, Simcoe


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!
Price $1,850,000
Taxes: $7263.64
Tax Type: Annual
Occupancy: Owner+T
Address: 30 Queen Stre West , Springwater, L0L 1P0, Simcoe
Postal Code: L0L 1P0
Province/State: Simcoe
Legal Description: LT 5 N/S OF QUEEN ST PL 397 FLOS; SPRING
Directions/Cross Streets: Yonge St S/Queen St W
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Washroom Type 6 0
Washroom Type 7 0
Washroom Type 8 0
Washroom Type 9 0
Washroom Type 10 0
Washroom Type 11 0
Washroom Type 12 0
Washroom Type 13 0
Washroom Type 14 0
Washroom Type 15 0
Washroom Type 16 0
Washroom Type 17 0
Washroom Type 18 0
Washroom Type 19 0
Washroom Type 20 0
Washroom Type 21 0
Washroom Type 22 0
Washroom Type 23 0
Washroom Type 24 0
Washroom Type 25 0
Washroom Type 26 0
Washroom Type 27 0
Washroom Type 28 0
Washroom Type 29 0
Washroom Type 30 0
Washroom Type 31 0
Washroom Type 32 0
Washroom Type 33 0
Washroom Type 34 0
Washroom Type 35 0
Category: Retail
Use: Other
Building Percentage: T
Total Area: 5409.00
Total Area Code:  Square Feet
Office/Appartment Area: 3596
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Approximatly Age: 100+
Sprinklers: No
Washrooms: 0
Outside Storage: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $92,500 $185,000 $277,500 $370,000
First Mortgage $1,757,500 $1,665,000 $1,572,500 $1,480,000
CMHC/GE $70,300 $51,615 $44,030 $0
Total Financing $1,827,800 $1,716,615 $1,616,530 $1,480,000
Monthly P&I $9,019.86 $8,471.18 $7,977.28 $7,303.53
Expenses $0 $0 $0 $0
Total Payment $9,019.86 $8,471.18 $7,977.28 $7,303.53
Income Required $338,244.84 $317,669.42 $299,148.12 $273,882.46

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$4,564.71
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Personal Picture
Nazila Tavakkolinamin
Sales Representative
Dir:
416-574-5561
Bus:
905-731-2000
Fax:
905-886-7556
 
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At a Glance:
Type: Com - Commercial Retail
Area: Simcoe
Municipality: Springwater
Neighbourhood: Elmvale
Style:
Lot Size: x 166.98(Feet)
Approximate Age: 100+
Tax: $7,263.64
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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