1 / 1220A REXDALE BOULEVARD
Toronto (Rexdale-Kipling), Ontario, M9W5Z3
$155,000
Bathrooms
1
Living area
1,200 square feet
About this property
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. (id:66779)
Details
- Cooling
- Fully air conditioned
- Heating
- Forced air, Natural gas
- List aor
- London and St. Thomas
- Appliances
- Washer, Wall Mounted TV, Dryer, Alarm System, Water Heater - Tankless
- Directions
- Cross Streets: Islington Ave and Rexdale Blvd. ** Directions: West of Islington, on the North side of Rexdale.
- Fireplace
- No
- Water source
- Municipal water
- Tax annual amount
- 0
- Lot size dimensions
- Unit=19.5 x 50.5 FT
- Zoning description
- Commercial
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