190 SIMCOE AVENUE, Georgina (Keswick North)

$85,000

For sale: Other

Other at 190 SIMCOE AVENUE, Georgina (Keswick North)
Property type
Sale Of Business
MLS®
MLS® N13626614
Neighbourhood
Keswick North

Laundromat & Dry Cleaner - Keswick. Established laundromat and dry cleaner in Keswick, in continuous operation for over 30 years. Currently the ONLY operating dry cleaner in Keswick. Services include wash-and-fold and alterations in addition to dry cleaning and self-service laundry. Located in a mixed residential and commercial area. Equipment: 10 washers, 12 dryers, all owned outright - no leased or rented machines. Space renovated in 2023 (new tile flooring, fresh paint throughout). Lease: 3 years remaining on current term, with the option to negotiate a new 5 + 5 lease with the landlord. Hours: Monday-Saturday, 9am-6pm. Closed Sunday. This is an owner-operator business. The current owner works the counter daily and manages day-to-day operations - this is not a passive investment but rather an opportunity for a savvy entrepreneur to capture its potential and grow the business.

Sold data

Homes in Georgina (Keswick North) — recent sold market

Homes in Georgina (Keswick North) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 44, across 205 recorded sales.

The median sale price was $789,000.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$789,000
Sale-to-list ratio
97.2%
Sold above asking
10%

Based on 205 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 190 SIMCOE AVENUE