Listed for:Listed Dec 22, 2025
$2,790,000

58 Queen St Street W

Springwater (Elmvale), ON L0L 1P0

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 58 Queen St Street W, Springwater, Elmvale

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 58 Queen St Street W, Springwater, Elmvale

Summarized Description

  • Fully rented 8 plex with commercial space.
  • 5400+ sq ft retail warehouse included.
  • Significant capital improvements completed recently.
  • Turnkey investment with all units occupied.
  • New heat pumps and hot water heaters installed.
  • Rear loading dock with elevator access.
  • Upgraded kitchens and bathrooms in some units.
  • New asphalt parking lot enhances property value.

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$11,293
Land Transfer Tax Fee
$56,225

Rental Items

Rental Equipment
NONE
Under Contract
None

Basement Type
None

Interior Features

Laundry Level
Upper Level
Interior Extras
Separate Hydro Meter, Water Heater Owned
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None
Property Features
Library, Park, Public Transit, Rec./Commun.Centre, School, Place Of Worship
Other Structures
Storage

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
51-99

Construction

Exterior Finish
Stucco (Plaster), Metal/Steel Siding
Roof
Membrane
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
65.58 ft
Lot Depth
166.47 ft
Lot Shape
Rectangular

Inclusions

Inclusions
8 Fridges and 8 Stoves(AS IS), Coin operated washer and dryer, 2 Commercial Hot Water Heaters, 8 Ductless Heat/Air Systems

Exclusions

Exclusions
All Tenants Belongings in Apartments. All Tenants belongings in Commercial space including all Fireplaces

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
9
Total Garage And Parking Spaces
9

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
Other
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available

Bedrooms
10
Washrooms
9
Kitchens
8

Washrooms

  • 4-piece, Second
  • 2-piece, Main

Municipality
Springwater
Neighbourhood
Elmvale
Main cross streets
HWY 27 / QUEEN ST
Zoning
CG
Directions
HWY 27 TO QUEEN ST WEST

MLS® number
S12647072
Data source
Toronto Regional Real Estate Board
Listed on
2025-12-22
Updated on
2026-08-27
Days on market
299 days
Possession type
Flexible
Co-op commission
2.5
Seller
Listed by
RE/MAX HALLMARK CHAY REALTY

Home Market Value

Current home valuation for 58 Queen St Street W, Springwater, Elmvale, Springwater, ON. Listed for $2,790,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 58 Queen St Street W, Springwater, Elmvale

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

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Springwater, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$558,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$2,232,000$2,092,500$1,953,000$1,813,500
Amortization
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%
%
%
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Payment frequency
=Mortgage payment
$10,898monthly$10,217monthly$9,536monthly$8,854monthly
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Land Transfer Tax

Provincial

$56,225

Total Land Transfer Tax

$56,225

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