$675,000
Springwater
87 Queen Street West, Springwater (Elmvale), Ontario, L0L1P0
This multi-family property in Springwater is for sale offering roughly 2,750 sq ft of space. It has been on the market 11 days, fresher than the Springwater average of 77 days.
Welcome to this beautifully updated legal duplex in the charming village of Elmvale - NEW Ductless A/C just installed! An incredible opportunity for investors, multi-generational families, or buyers looking to offset mortgage costs with rental income.Thoughtfully renovated throughout, this property offers two spacious and unique living spaces, each designed for comfort, functionality, and modern living.The extensively renovated upper unit features a bright and airy open-concept layout with elevated ceilings and a stunning loft overlook from the finished attic space. Currently used as a home office, the attic offers the potential for an additional bedroom or creative retreat. The large vaulted-ceiling primary bedroom includes a private walkout deck to enjoy your morning coffee or read a book! The spa-inspired 4-piece bathroom, spacious IKEA kitchen, walk-in closet with laundry, smart lighting, updated electrical panel, and complete rewiring make this an ideal space for a professional couple seeking style and comfortThe lower unit offers exceptional flexibility with 2 bedrooms plus the possibility of a third bedroom or office space. Featuring 2 recently renovated bathrooms, elevated ceilings, a spacious living room, renovated kitchen, dining area, rear mudroom with laundry, and a large entertainment deck, this unit is perfectly suited for families or extended family living.Outside, both units enjoy a simple landscaped fenced yard complete with two storage outbuildings and a charming flagstone firepit area perfect for evening bonfires and entertaining.Major updates include:New furnace New hot water tank New roof New eavestroughs Updated electrical panels (100 amp upper / 200 amp lower) Two hydro meters and one water meterLocated within walking distance to Elmvale's shops, restaurants, schools, and everyday amenities, this property also offers excellent commuting convenience. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 11 days on market, against an average age of 77 days across the listings currently for sale in this city
This 3-bed multi-family in Springwater (Elmvale) has been listed for 11 days, which is 66 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $675,000, about 6.4× the local median household income of $106,000.
Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0L)
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