306 Kerr Street, Oakville (CO Central) - Business for Sale
306 Kerr Street, Oakville (CO Central), Ontario, L6K3B5
This business in Oakville is for sale offering roughly 2,100 sq ft of space. It has been on the market 10 days, fresher than the Oakville average of 57 days.
Description
Rarely available !!!Incredible turn-key business opportunity! Own a highly profitable, well-established coin laundry business that has been successfully owner-operated for over 10 years. The current owner is looking to retire and is generously willing to stay on for 1 to 2 months to provide comprehensive training, ensuring a seamless and confident transition for the new operator. Operating daily from 8AM-8PM, this business is situated in a fantastic, bright, and exceptionally spacious commercial space featuring very high ceilings and an inviting atmosphere. The operations are highly efficient and low-overhead, requiring only 1 employee to easily manage the coin laundry, wash-and-fold services, and the dry-cleaning depot. There isalso excellent growth potential and extra space to add a profitable alteration business if desired.The facility is fully equipped with 27 washers and 25 dryers-all premium, durable, brand-name machines that have been meticulously maintained and kept in spotless condition. The smart layout includes a private office, a dedicated rest area for staff, and 2 separate washrooms (1for customer use and 1 private washroom for employees).Unbeatable long-term stability with 11 years remaining on the lease! Highly competitive rent is just $5,750.23 per month, includes TMI and taxes. The property also features 6 dedicated parking spots for customers and staff. Please note the basement space is shared with the landlord strictly for maintenance access to the furnace room.Don't miss out on this rare, time-tested, high-income asset. Turn the key and start generatingexcellent income on day one! (id:66096)
Property Details
- MLS®
- W14121120
- Property Type
- Business
- Business Type
- Special Purpose
- Zoning
- Commercial
- Parking
- 6
- Interior Size
- 2,100 ft²
- Lot Size
- 2,100 sq ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $2,100/yr
- Listed
- 10 days ago
Features
- Appliances
- Washer, Dryer
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Active: 10 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Oakville (CO Central) has been listed for 10 days, which is 47 days fresher than the city average of 57. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L6K)
This home lists at $550,000, about 6.6× the local median household income of $83,000.
Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
- Median household income
- $83,000
- Population
- 14,118
- Median age
- 44.8
- Owner / renter
- 51% / 49%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L6K)
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$550,000
Oakville