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.
Address
600 Parliament Street
List Price
$5,980,000
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
For Sale
Area
Toronto C08
Sub-Area
North St. James Town
Region
Toronto
Lot Size Source
MPAC
Lot Depth
110.39
Lot Type
Lot
Lot Size Units
Feet
Lot Width
20.37
Parcel Number
210860101
Occupant Type
Owner
Cross Street
Wellesley St E / Parliament St
MLS® Number
C12294490
Listing Brokerage
EXP REALTY
Basement
Yes
Postal Code
M4X 1R2
Posession Details
TBA
Parking Spaces
2
Tax Amount
$25,888.13
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
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