306 KERR STREET, Oakville (CO Central)

$550,000

For sale: Other

Other at 306 KERR STREET, Oakville (CO Central)
Property type
Sale Of Business
MLS®
MLS® W14121120
Neighbourhood
1002 - CO Central

Rarely available !!!Incredible turn-key business opportunity! Own a highly profitable, well-established coin laundry business that has been successfully owner-operated for over 10 years. The current owner is looking to retire and is generously willing to stay on for 1 to 2 months to provide comprehensive training, ensuring a seamless and confident transition for the new operator. Operating daily from 8AM-8PM, this business is situated in a fantastic, bright, and exceptionally spacious commercial space featuring very high ceilings and an inviting atmosphere. The operations are highly efficient and low-overhead, requiring only 1 employee to easily manage the coin laundry, wash-and-fold services, and the dry-cleaning depot. There isalso excellent growth potential and extra space to add a profitable alteration business if desired.The facility is fully equipped with 27 washers and 25 dryers-all premium, durable, brand-name machines that have been meticulously maintained and kept in spotless condition. The smart layout includes a private office, a dedicated rest area for staff, and 2 separate washrooms (1for customer use and 1 private washroom for employees).Unbeatable long-term stability with 11 years remaining on the lease! Highly competitive rent is just $5,750.23 per month, includes TMI and taxes. The property also features 6 dedicated parking spots for customers and staff. Please note the basement space is shared with the landlord strictly for maintenance access to the furnace room.Don't miss out on this rare, time-tested, high-income asset. Turn the key and start generatingexcellent income on day one!

Sold data

Homes in Co Central — recent sold market

Homes in Co Central took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 51, across 101 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 67 days.

The median sale price was $1,049,000.

Homes sold for about 3.8% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$1,049,000
Sale-to-list ratio
96.2%
Sold above asking
10%

Based on 101 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Oakville (CO Central)

Oakville (CO Central) has 56 Fraser Institute–rated schools (45 elementary and 11 secondary), averaging 7.8/10.

Rated schools
56
Elementary
45
Secondary
11
Average rating
7.8 / 10

Top-rated schools in Oakville (CO Central)

  • Alfajrul Bassem — elementary, OakvilleFraser rating 10.0/10
  • Forest Trail — elementary, OakvilleFraser rating 10.0/10
  • Pilgrim Wood — elementary, OakvilleFraser rating 9.7/10
  • E J James — elementary, OakvilleFraser rating 9.6/10
  • New Central — elementary, OakvilleFraser rating 9.6/10
  • du Chêne — elementary, OakvilleFraser rating 9.4/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 306 KERR STREET