20A REXDALE BOULEVARD
Toronto (Rexdale-Kipling), Ontario
MLS® W13591442
$155,000
- Status
- Active
- Property type
- Business
- MLS® number
- W13591442
- Bedrooms
- —
- Bathrooms
- 1
- Year built
- —
1 / 12Listing description
Turnkey, Profitable Unattended Coin-Op Laundromat. Excellent opportunity to acquire a well-established, highly efficient coin laundromat with a strong net operating income (NOI) of $35,000 per year, as per seller. Located in a busy strip mall condo unit, this clean, tight operation runs completely unattended with all machines in good working order.
Key Features- Exceptional Lease: 4 years remaining and 3x renewal options (5 years each) and water is included in the rent! The lease also includes a first right of refusal to purchase the real estate. Equipped with two new tankless water heaters installed within the last year.
The water storage tank is a rental. Prime Location: Surrounded by apartment buildings and situated near major anchors like Costco, Walmart, and LCBO, ensuring high visibility. Ample parking available for customers.
This straightforward, low-maintenance business offers immediate cash flow and significant growth potential. Perfect for hands-off investors or owner-operators.
Property summary
- MLS® number
- W13591442
- Property type
- Business
- Square footage
- 1,200 sq ft
- Land size
- Unit=19.5 x 50.5 FT
- Days on market
- 36 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Appliances
- Washer, Wall Mounted TV, Dryer, Alarm System, Water Heater - Tankless
What would this home cost you?
Based on the $155,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RIGHT AT HOME REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.