Imagine offsetting your mortgage while running a proven, cash-based business. This turnkey, completely rebuilt (2014), fully-equipped laundromat is a recession-resilient business generating a substantial revenue stream. Located in a high-foot-traffic area with dense residential high-rises. The package includes a modern 2-bedroom apartment, ideal for living mortgage-free while building equity or rented out at market rates. The business features professional Electrolux equipment and a healthy mix of self-service and wash-and-fold income. Operate it yourself or keep the existing staff for a passive income stream. A rare offering with incredible potential.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
1750 sq. ft. Square Feet
Total Area:
1,750 sq. ft.163 m2
Retail Area:
850 sq. ft. Sq Ft
Lot Depth:
139'6"42.5 m
Lot Frontage:
19'8"6 m
Water supply:
Municipal
Zoning:
Commercial Residential
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$10,193 /
2025
Assessment:
$- /
2025
Toronto
Toronto W08
Islington-City Centre West
No
23 washer's (10 double, 9 45 pound, 4 62 pound). 22 dryer's (16 pockets 30 pounds & 6 pockets 50 pounds). 1 coin counter machine, 2 change dispensing machines, all computer/cash register devices and peripherals, laundry bags/detergent and all supplies required to operate coin laundry/wash and fold business. All appliances in upstairs residential unit (fridge, stove, dishwasher, washer/dryer, window coverings, light fixtures, 1 residential hot water tank, 1 boiler, 2 holding tanks and 1 furnace)
Linens, personal items stored in basement and residential unit, delivery van (available for sale)
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