30 Queen Street

Springwater, ON

5,409 sqft • Commercial Retail • 322 days on market

$1,850,000

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!

Listing Details

Taxes (2024): $7,264
Listed: October 10, 2025

Price History

Listing history

Property

Age: 100+
Lot Size: 49.5 x 166.98 Feet

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: Yonge St S/Queen St W
Zoning: CG
Parcel Number: 583780200
Possession: 90+ days

Commercial

Business Type: Other
Occupancy: Owner+Tenant
Office / Apartment Area: 3596 Sq Ft

Included

Inclusions: Refrigerators x4, Stoves x4, Dishwasher x1, Washers x12, Dryers x11, Window Coverings.
Exclusions: Tenant's Personal Belongings.

Community

Postal area L0L

Population: 42,022
Private dwellings: 19,252
Median age: 46.8
Average household size: 2.7
Median household income: $106,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Springwater · last 12 months

Median sold price: $877,000
Homes sold: 292
Median days on market: 30
Sale-to-list price: 96.2%

Based on 292 recorded sales of commercial properties in Springwater over the last 12 months.

Listed by

RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Location

Commercial figures

Building area: 5,409 sq ft
Price per sq ft: $342.02
Annual property tax: $7,264
Tax per sq ft: $1.34

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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