58 Queen St Street, Springwater, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Elmvale. Expertly crafted featuring premium stucco (plaster) and metal/steel siding construction, this residence presents an exceptional opportunity offered at $2,790,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 9 Bathrooms with 8 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 65.58 x 166.47 ft lot
- 9.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Water Heater Owned
- equipped with other central cooling and highly efficient baseboard heating via electric
Description
Excellent investment opportunity with over 10,000 Square Feet! Fully rented residential 8 plex with ground level 5400+ Square foot commercial retail warehouse space. Huge capital improvements done in the last 2 years. Including stucco/stone front facade, windows, doors, bathrooms, flooring, roofs, brand new asphalt parking lot, plumbing, exterior paint, storage units, covered porch entrance, new heat pumps in all upper apartments, new hot water heaters, new interior paint, and much more! Some units have newer kitchens and bathrooms. Rear truck level loading dock with elevator. Main floor tenant operates a reputable and successful Fireplace/HVAC business. All residential and commercial units fully occupied. Too many improvements to list. Turn key investment!
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Property Summary
This multiplex located at 58 Queen St Street, Springwater is currently for sale and has been available on SousaSells for 208 days. This property is listed at $2,790,000 with an estimated mortgage of $9,287* per month. It has 10 beds, 9 bathrooms, and is 5000 + square feet. 58 Queen St Street, Springwater is in the Elmvale neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, Public Transit, Rec./Commun.Centre, School, Place Of Worship
Interior Features
Separate Hydro Meter, Water Heater Owned
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 58 Queen St Street W, Springwater, ON L0L 1P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Springwater, ON
For a property listed at $2,790,000 in Springwater, the legal minimum down payment is $558,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $56,225 for this transaction. As this listing is in Springwater (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $56,225.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.