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87 Queen Street

Elmvale / Springwater, ON L0L 1P0

ActiveFor Sale
3 Beds
3 Baths
2,500 Sq Ft
Multi-Family

About This Property

Welcome to this beautifully updated legal duplex in the charming village of Elmvale - NEW Ductless A/C just installed! An incredible opportunity for investors, multi-generational families, or buyers looking to offset mortgage costs with rental income.Thoughtfully renovated throughout, this property offers two spacious and unique living spaces, each designed for comfort, functionality, and modern living.The extensively renovated upper unit features a bright and airy open-concept layout with elevated ceilings and a stunning loft overlook from the finished attic space. Currently used as a home office, the attic offers the potential for an additional bedroom or creative retreat. The large vaulted-ceiling primary bedroom includes a private walkout deck to enjoy your morning coffee or read a book! The spa-inspired 4-piece bathroom, spacious IKEA kitchen, walk-in closet with laundry, smart lighting, updated electrical panel, and complete rewiring make this an ideal space for a professional couple seeking style and comfortThe lower unit offers exceptional flexibility with 2 bedrooms plus the possibility of a third bedroom or office space. Featuring 2 recently renovated bathrooms, elevated ceilings, a spacious living room, renovated kitchen, dining area, rear mudroom with laundry, and a large entertainment deck, this unit is perfectly suited for families or extended family living.Outside, both units enjoy a simple landscaped fenced yard complete with two storage outbuildings and a charming flagstone firepit area perfect for evening bonfires and entertaining.Major updates include:New furnace New hot water tank New roof New eavestroughs Updated electrical panels (100 amp upper / 200 amp lower) Two hydro meters and one water meterLocated within walking distance to Elmvale's shops, restaurants, schools, and everyday amenities, this property also offers excellent commuting convenience.

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size2,500 sq ft
Bedrooms3
Bathrooms3
Taxes (2026)$2,573
Postal CodeL0L 1P0
Last UpdatedOct 29, 2026 · 2:11 a.m.

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Features & Amenities

  • Air Conditioning

Buying or selling in Springwater?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® S14114254

Listed by RE/MAX By The Bay Brokerage

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$675,000

asking price

MLS®S14114254
TypeMulti-Family
CitySpringwater
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,296

/month · $540,000 mortgage

Down Payment20% — $135,000
Interest Rate5.5%

Amortization

Total Interest

$448,834

Total Cost

$988,834

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX By The Bay Brokerage