About Coin Laundry

Commercial and Residential investment opportunity in Sydenham Ward. Main level commercial with frontage onto Bagot and Earl. Approx. 1,450 sq. ft. currently operating as a coin laundry business. The Coin Laundry is included in the sale and consists of 18 washers and 11 dryers. Very profitable business with an average monthly turnover of $4,000 and average monthly utilities of $1,000.CCTV system and minimal management. 750 sq. ft. unit facing Earl Street currently vacant. Commercial use is legally non-conforming with the area, so the potential to convert the main level to residential apartments is there. Two residential apartments above. 1 three bedroom which is rented May 1, 2014 at $1,650 per month, 1 four bedroom which is rented May 1, 2014 at $2,100 per month. Tenants pay heat and hydro. The apartments were renovated in 2011, along with a new roof. Entire building approx. NOI of $60,000 per annum.

  • Property Type Retail
  • 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
  • Flyer Download

Be the first to know

Receive emails from properties you follow when new suites are added to them.


Organize your favourite listings

Sign up to keep track of your favourite spaces and revisit them later.


Manage your inquiries

Create my account