ON > Toronto (north St. James Town) > North St. James Town
Toronto (north St. James Town), ON M4X1R2,600 PARLIAMENT STREET
Toronto (north St. James Town), ON M4X1R2,600 PARLIAMENT STREET
Toronto (north St. James Town), ON M4X1R2,600 PARLIAMENT STREET
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$5,980,000
Est. payment /mo
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision North St. James Town

MLS® Listing ID C12294490

Source Toronto Regional Real Estate Board

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 2

Private Pool No

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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