About Coin Laundry

Main level commercial with frontage onto Bagot and Earl. Approx. 1450sf currently operating as a coin laundry (included in sale). 750sf unit onto Earl Street currently vacant. Commercial use is legally non-conforming, so potential to convert main level into apartments. Two apartments above. 1x3br currently rented May 1, 2014 at $1650 a month, 1x4br currently rented May 1, 2014 at $2100 a month. Tenants pay heat and hydro. Apartments renovated in 2011. New roof 2011. Coin laundry has 18 washers and 11 dryers. Very profitable with average monthly turnover $4000 and average monthly utilities of $1000. CCTV system and minimal management. Whole building total approx. NOI $60,000 per annum.
  • Property Type Multifamily
  • Zoning B
  • Status Existing
  • Sale Price $849,000
  • Net Operating Income $60,000
  • Total Available Space 4,400 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 4,400 SF
  • Year Renovated 2011

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