Description

Price : $5,980,000.00 MLS^® : C12294490 / 600 Parliament Street, Toronto C08, ON M4X 1R2

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.

Location Description

Wellesley St E / Parliament St

Property Details

• Community: North St. James Town
• Property Type: Owner/Commercial
• Garages: Outside/Surface
• Annual Property Taxes : $ 25888.13

Building Features

• Parking Type : Outside/Surface

Features

• Heating : Gas Forced Air Open

Land (Lot Features)

• Frontage: 20.37 sq.ft
• Land Depth: 110.39sq.ft

Listing Contracted With: EXP REALTY