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Home ON Greater Toronto Area Toronto Old Toronto North St.James Town St. James Town
600 PARLIAMENT STREET
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600 PARLIAMENT STREET $5,980,000
$5,980,000
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600 PARLIAMENT STREET
Toronto (North St. James Town), Ontario M4X1R2

MLS® Number: C12294490

Listing Description

An Exceptional Investment Opportunity Awaits At 600 Parliament Street, In The Heart Of Torontos Thriving Downtown Core. This Property is over 4,300 Sq. Ft.+ Anchored By A Highly Profitable, Well-Established Laundromat. A Trusted Staple In The Community, The Laundromat Has Built A Loyal, Repeat Customer Base, Generating Consistent, Year-Round Cash Flow. With Numerous Nearby Apartment Buildings Lacking In-Unit Laundry, This Location Has Become The Go-To Choice For Residents, Ensuring A Steady Stream Of Customers And Making It A Turnkey, High-Demand Business With Immediate Earning Power. Its Proven Reputation, Heavy Foot Traffic, And Prime Location Guarantee Long-Term Stability And Ongoing Revenue Growth. This Property Also Has 10 Short- And Long-Term Lease Units, Which Generates Reliable Income Streams And Strengthen The Property's Overall Revenue Profile. Positioned In A High-Density Residential Area With Excellent Visibility, Constant Foot Traffic, And Convenient Transit Access, This Property Delivers An Impressive 7%+ Return And Combines Stable Cash Flow, Proven Demand, And Significant Opportunities To Expand More Services In The Location. (40920730)

Location Description

Cross Streets: Wellesley St E / Parliament St. ** Directions: West.

Property Summary

Property Type
Business
Community Name
North St. James Town
Land Size
20.37 x 110.39 FT
Annual Property Taxes
$25,888.13
Total Parking Spaces
2
Time on REALTOR.ca
150 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Special Purpose (Laundromat)
Parking
Total Parking Spaces
2

Land

Lot Features
Frontage
20 ft ,4 in
Land Depth
110 ft ,4 in
Other Property Information
Zoning Description
Commercial
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SARAH SHAO