1,2,4 - 1375 Danforth Road, Toronto, Ontario M1J 1G7

Listed for:
$798,000
0 beds
0 baths
Listed 224 days ago
1,2,4 - 1375 Danforth Road, Toronto, Ontario M1J 1G7

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Learn more about this property
Listing provided by:
HOMELIFE NEW WORLD REALTY INC.
MLS® number:
E6726720
Agent:
Elvis Li
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About

Excellent Coin Laundromat Without* Property. Professional designed and established business;Water Boiler: Laars MightyTherm AP Gas Fired Heater 300,000BTU \nWater Tanks: 2 A.O. Smith Vertical Storage Tanks 119 gallon (2 years old)\nWashers: 30 Wascomat Commercial Washers (10 W620 20lbs, 8 W630 30lbs, 8 W640 40lbs, 4 W655 55lbs) \nDryers: 30 Wascomat Commercial Gas Dryers (26 TD30 30lbs Single Stack, 4 TD50 50lbs Single Stack) \nIron: Houssi 300L Industrial Steam Iron,Surveillance System: Swaan Network Video System with 8 Cameras 24Hrs Recording (4 years old),Unattended Operation Except Simple Wash & Fold. Demand Has Grown Even Under Covid Significantly. Sales 400+K, Net $210+K Yearly. Low rent 7357.46/month five years term with option for renewal*,Simple Operations As Unattended. **** EXTRAS **** Equipment And Chattels Owned.Large Parking Lot. (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby
Public Transit

Location

Summary

Located in the bustling city of Toronto, this property boasts a convenient location with nearby access to public transit. The professional design and established business of this property make it an excellent investment opportunity.

Featuring top-of-the-line equipment, the coin laundromat on the property includes a Laars MightyTherm AP Gas Fired Heater, A.O. Smith Vertical Storage Tanks, Wascomat Commercial Washers and Dryers, a Houssi 300L Industrial Steam Iron, and a Swaan Network Video System with 8 Cameras for 24-hour surveillance.

With unattended operation, except for simple wash and fold services, the demand for this laundromat has continued to grow, even during the COVID-19 pandemic. The property has seen sales of over $400,000 and a net income of over $210,000 annually, making it a lucrative investment opportunity.

Additionally, the property offers the convenience of simple operations and low rent at $7357.46 per month for a five-year term, with an option for renewal. The equipment and chattels are owned, and the property includes a large parking lot for added convenience.

For those interested in purchasing this property, it is located at #1,2,4 -1375 DANFORTH RD in the Eglinton East community of Toronto, Ontario. The heating type for the property is baseboard heaters, and it is listed for sale with a land size as per survey and a postal code of M1J1G7.

Street Spotlight - For sale