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$2,790,000
Springwater
58 Queen St Street West, Springwater (Elmvale), Ontario, L0L1P0
This multi-family property in Springwater is for sale.
Excellent investment opportunity with over 10,000 Square Feet! Fully rented residential 8 plex with ground level 5400+ Square foot commercial retail warehouse space. Huge capital improvements done in the last 2 years. Including stucco/stone front facade, windows, doors, bathrooms, flooring, roofs, brand new asphalt parking lot, plumbing, exterior paint, storage units, covered porch entrance, new heat pumps in all upper apartments, new hot water heaters, new interior paint, and much more! Some units have newer kitchens and bathrooms. Rear truck level loading dock with elevator. Main floor tenant operates a reputable and successful Fireplace/HVAC business. All residential and commercial units fully occupied. Too many improvements to list. Turn key investment! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 317 days on market, against an average age of 77 days across the listings currently for sale in this city
This 10-bed multi-family in Springwater (Elmvale) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,790,000, about 26.3× the local median household income of $106,000.
Carrying it typically needs a household income of about $544,985 (20% down, 25-yr amortization, stress-tested) — roughly 414% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
