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
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