Address
600 Parliament Street, Toronto, ON
Price
$ 5,800,000
Property Attributes
  • ID#C13591754
  • TypeCommercial
  • Listing Status Active
  • MunicipalityToronto
  • CityToronto
  • NeighbourhoodNorth St. James Town
  • Postal CodeM4X 1R2
  • StyleCommercial Business
  • Price$ 5,800,000
  • Bedrooms{}
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4359
Data Source:
RLP - CREA EN
Property Description

7% Plus Return In Downtown Toroto , An Exceptional Investment Opportunity Awaits At 600 Parliament Street, Ideally Situated In Vibrant Downtown Core. This 4,300 Sq.Ft.+ Income-Producing Property Offers Established Short- And Long-Term Leases, Providing Strong Occupancy And Reliable Cash Flow From A Diverse Tenant Base. This Building Features 10 Rental Units, It Presents A Rare Opportunity To Significantly Increase Rental Income And Take Advantage Of Toronto's Rapidly Growing Demand For Flexible Investments Options. In This High-Density Urban Area, The Property Delivers Immediate Income Stability While Offering An Established Laundromat with Strong Revenue, A Trusted Community Staple Serving Both Tenants And Local Residents. With Many Nearby Apartment Buildings Lacking In-Unit Laundry, The Business Attracts A Loyal, Repeat Customer Base, Generating Consistent Secondary Income That Perfectly Complements This Property Achieves An Impressive 7%+ Return And Potential Future Service Expansion.

General Features

Zoning Commercial
Terms SALE
Neighbourhood North St. James Town
Property Sub Type COMMERCIAL_BUSINESS
jumpId 28776576
Property Subtype French Commercial Business
Listing Type French Commercial
MLS C13591754
Property Type Business

Interior Features

Living Area Range 4359 sqft
Bedrooms {}
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M4X 1R2

Price
AVG $5.8M
$5.8M