600 Parliament Street, Toronto C08, ON

$5,980,000

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600 Parliament Street

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.

Features of 600 Parliament Street

MLS® # C12712810
Price $5,980,000
Bathrooms 0.00
Type Commercial
Sub-Type Sale Of Business
Status Active

Community Information

Address 600 Parliament Street
Area Toronto
Neighborhood North St. James Town
City Toronto C08
Province ON
Postal Code M4X 1R2

Amenities

Parking Spaces 2
Garage Type Outside/Surface

Interior

Heating Gas Forced Air Open
Cooling Yes
Fireplace No

Listing Details

OfficeLPT REALTY

Listing Map

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