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
| Office | LPT REALTY |
|---|
