58 Queen St Street W

Introducing an exceptional investment opportunity: a Multi-Family Home for sale in Springwater , located at 58 Queen St Street W, Springwater. This impressive property is a fully rented residential multiplex comprising eight units, complemented by a substantial ground-level commercial retail warehouse space exceeding 5,400 square feet. The property is situated in the vibrant community of Elmvale, within the Simcoe area, making it an ideal location for both residential and commercial ventures.

The building itself is a two-storey structure, featuring a robust exterior of stucco and metal/steel siding. With a generous total of 33 rooms, including 10 bedrooms and 9 bathrooms, this Multi-Family Home for sale in Springwater is designed to accommodate a variety of tenants. The property has seen significant capital improvements over the past two years, ensuring that it meets modern standards while retaining its character. Notable enhancements include a newly updated stucco and stone front façade, upgraded windows and doors, and renovated bathrooms and flooring throughout the building.

The residential units are all fully occupied, providing a steady income stream for potential investors. Some of the apartments boast newer kitchens and bathrooms, adding to their appeal. Additionally, the property features a rear truck-level loading dock equipped with an elevator, which is particularly advantageous for the commercial space. The main floor of the building houses a reputable fireplace and HVAC business, further enhancing the property's commercial viability.

The Multi-Family Home for sale in Springwater also benefits from a newly constructed asphalt parking lot, providing ample parking space for residents and customers alike. With a total of nine parking spaces available, convenience is assured. The property is serviced by municipal water and sewer, and heating is provided via a baseboard system, while air conditioning is managed through alternative means. Although there is no central vacuum system, pool, or fireplace, the property is well-equipped with internet access, making it suitable for modern living.

Located at 58 Queen St Street W, Springwater, this property is set on a spacious lot measuring 66 by 166 feet. The absence of a basement and garage space does not detract from its potential; instead, the private driveway enhances accessibility. The age of the building, ranging from 51 to 99 years, adds a sense of history and charm, while the extensive improvements made in recent years ensure that it is a turn-key investment opportunity.

This Multi-Family Home for sale in Springwater is not only a lucrative investment but also a testament to quality and thoughtful renovations. With all residential and commercial units fully occupied, investors can enjoy immediate returns. The location in the community of Elmvale, coupled with the significant upgrades, positions this property as a prime choice for those looking to enter the real estate market or expand their existing portfolio.

In summary, 58 Queen St Street W, Springwater, presents a remarkable opportunity for investors seeking a well-maintained, fully rented multiplex with a commercial component. With its extensive list of improvements, strategic location, and the potential for continued growth, this Multi-Family Home for sale in Springwater is a must-see for serious buyers. Don’t miss out on the chance to acquire this exceptional property and secure your future in the thriving real estate market of Springwater.

Elmvale, nestled within the picturesque township of Springwater, Ontario, is a charming rural community that offers a delightful blend of small-town charm and natural beauty. Surrounded by lush landscapes and rolling hills, Elmvale is known for its friendly atmosphere and a strong sense of local identity. The area boasts a range of amenities, including quaint shops, local markets, and recreational facilities, all while maintaining a close-knit feel. With easy access to outdoor activities such as hiking, cycling, and exploring nearby parks, Elmvale provides a serene yet vibrant lifestyle for those seeking a peaceful retreat from the hustle and bustle of urban life. Whether you’re drawn to its scenic surroundings or the warmth of its residents, Elmvale is a welcoming place to call home.

Schools in the Neighbourhood

This property is conveniently located near two highly-rated educational institutions, making it an excellent choice for families. Just 0.3 km away, Elmvale District High School serves students in grades 9 to 12 and boasts a commendable school rating of 4.2. This secondary school is part of the Simcoe County District School Board and offers a robust English-language curriculum. For younger children, Huronia Centennial Elementary School is situated only 0.6 km from the property. This public elementary school caters to students from Junior Kindergarten to grade 6 and has an impressive school rating of 4.4. Also under the Simcoe County District School Board, it provides a strong foundation in English-language education. Both schools are easily accessible, ensuring a short commute for students and peace of mind for parents. The proximity to quality educational facilities not only enhances the value of the property but also contributes to a supportive community environment, making it an ideal location for families seeking a nurturing and academically enriching setting for their children.