$2,790,000

For sale

58 Queen St Street West, Springwater (Elmvale) - Retail for Sale

58 Queen St Street West, Springwater (Elmvale), Ontario, L0L1P0

10 beds8 baths10 parking10,400 ft²66 × 166 ft (10,917 sq ft) lot sizeListed 69 days ago

Overview

This retail property in Springwater is for sale offering roughly 10,400 sq ft of space. It has been on the market 69 days, fresher than the Springwater average of 78 days.

Retail Space for Sale in Springwater →All real estate in Springwater →

Description

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, kitchens, 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! 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)

Property Details

MLS®: S13719268
Property Type: Retail
Zoning: CG
Bedrooms: 10
Bathrooms: 8
Parking: 10
Interior Size: 10,400 ft²
Lot Size: 66 × 166 ft (10,917 sq ft)
Frontage: 66 ft
Heating: Forced air, Natural gas, Other
Cooling: Partially air conditioned
Property Tax: $11,293/yr
Listed: 69 days ago

Features

Appliances: Washer, Dryer, Water Heater

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

69d

Springwater (Elmvale) listings, avg age

78d

Price / ft²

$268

List price

$2.79M

Haho

This 10-bed retail in Springwater (Elmvale) has been listed for 69 days, which is 9 days fresher than the city average of 78. Act while there is still low competition.

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Listed by RE/MAX HALLMARK CHAY REALTY · LUKE MORRISON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0L)

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.

Median household income: $106,000
Population: 42,022
Median age: 46.8
Owner / renter: 89% / 11%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L0L)

$2,790,000· $268/ft²

For sale

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Financing

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