Fantastic investment available for the first time in 40+ years. Main level boasts a turnkey coin laundry business with an established customer base and steady income. Includes: 17 washers, 16 dryers, 2 change machines, and 2 soap dispensers. Basement office/storage space and 3 piece bath. All coin laundry mechanicals owned. Upper level contains 2 one bedroom apartments, currently tenanted. Apartments are separately metered, tenant pays own utilities. 2 private parking spaces accessible through rear laneway. Steps to transit and shopping. Owner to install 2 brand new boilers (25K value), brand new roof installed in 2021, current site manager handles daily business operations and is willing to stay. Great opportunity for anyone seeking an investment to provide passive income. Offers Anytime! (id:4555)
PROPERTY SPECS
Price $1,099,000
City Toronto, Ontario
Address 1935 GERRARD Street
Listing ID E12944150
Style Residential Commercial Mix
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeRetailOwnershipFreeholdHeating / CoolingBaseboard heaters, Forced air, Natural gas