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For Sale · Kitchener · Business
$249,900
About This Home
Exceptional opportunity to acquire a well-established and profitable coin laundromat in Kitchener, proudly serving the community for over 30 years. This turnkey business operates from a 1,500 sq. ft. leased premises with attractive low monthly rent and generates approximately$9,000 to $11,000 in monthly sales, with significant potential for future growth and revenue enhancement. The sale includes all owned equipment with no lease obligations, featuring 27 washers, 21 dryers, laundry sink, 5 folding tables ,security camera system, boiler, hot water tank, and an automatic door lock system with programmable timers for efficient opening and closing operations. The business is designed for streamlined management and offers an excellent opportunity for owner-operators, investors, or those seeking a semi-passive income stream. With a long operating history, loyal customer base, and established presence in the market, this is a rare chance to acquire a stable, cash-flowing business with upside potential. The current owner is retiring, creating an ideal opportunity for new ownership to takeover and grow the operation. (id:66635)
Summarizing the highlights...
Property Details
July Value
Calculating a July Value estimate...
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My Notes
Location
Run The Numbers
Monthly mortgage payment
$1,169
$199,920 financed over 25 years at 5%. For guidance only, not a quote or approval.
Monthly cost (mortgage + tax + maintenance)
$1,169
Cash flow
-$1,169
Estimates for education only. Talk to a JULY advisor for real numbers on this home.
Kitchener right now
Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.
The Neighbourhood
Household and demographic stats for Kitchener, from the Statistics Canada 2021 Census.
The immediate block around this home (right here): about 356 residents in 192 homes, 2,745 people/km² (urban).
Source: Statistics Canada 2021 Census, Kitchener, City, Ontario; block-level figures from dissemination area 35300384.
Schools
K-12 schools closest to this home, with straight-line distances.
Margaret Avenue Public School
400 mpublic · middle
Suddaby Public School
650 mpublic · elementary
Blyth Academy Waterloo
990 mindependent · secondary
St Teresa Catholic Elementary School
1.1 kmcatholic · elementary
Similar homes
Rental Market
Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.
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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or 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. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Prueter Public School
1.2 kmpublic · elementary
St Anne Catholic Elementary School
1.4 kmcatholic · elementary
Locations: Statistics Canada, Open Database of Educational Facilities; straight-line distances. Scores are JULY's percentile rating (0-10) of BC Ministry of Education results: FSA literacy + numeracy averages for elementary grades 4 and 7, first-time Grade 12 graduation + honours rates for secondary. Catchment boundaries change; always confirm with the school district.
Price on request / month
181 KING Street E Unit# 2, Kitchener
2 bed · 1 bath · 672 sqft