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$ 2,970,000
Est. payment /mo
New
9 Queen ST W Springwater, ON L0L 1P0
9 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Elmvale
MLS Listing ID S13047266
Annual Tax Amount $5,879
Tax Year 2025
Property Sub-Type Investment
Property Description
Turnkey mixed-use investment opportunity at 9 Queen St W, Elmvale, Springwater. The 8634 SF property features 5 apartments and 5 commercial units in a comprehensively renovated building. Improvements include a full gut renovation, updated electrical, new plumbing, the addition of two apartments, paving, and exterior facade improvements. All five apartments and two commercial units have been left vacant to allow the purchaser to select their own tenant mix and have the opportunity to achieve market rents without waiting out a lease expiry or unpredictable residential turnover. Additionally, there's the ability for a buyer to occupy some of the space themselves, which would easily incorporate the option of self-management. The residential suites vary from 1-3 bedrooms and offer on-site parking, appealing to a wide tenant prospective pool of tenants. This asset provides immediate leasing flexibility and strong income potential from day one.
Location
Province ON
County Simcoe
Area Simcoe
Zoning CG - General Commercial
Interior
Cooling Yes
Inclusions 11 hot water heaters, 1 washer, 1 dryer, 5 fridges, 4 rangehoods, 2 stoves.
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 165.0
Others
ParcelsYN No
Listed by MAVEN COMMERCIAL REAL ESTATE