Address
600 Parliament Street, Toronto, ON
Price
$ 5,800,000
Property Attributes
  • ID#C13592534
  • TypeCommercial
  • Listing Status Active
  • MunicipalityToronto
  • CityToronto
  • NeighbourhoodNorth St. James Town
  • Postal CodeM4X 1R2
  • StyleCommercial Business
  • Price$ 5,800,000
  • Bedrooms{}
  • Bathrooms12
  • Half Bathrooms0
  • Sqr Footage4359
Data Source:
RLP - CREA EN
Property Description

This Exceptionally Busy Laundromat Offers A Stable and Consistent Cash Flow, Delivers 7% Plus Return , Supported By A Loyal Customer Base And Strong Day-To-Day Operations. The Business Also Presents Significant Opportunities For Expansion And Future Growth, Making It An Excellent Investment For Both Owner-Operators And Investors. This Exceptional Investment Opportunity Awaits At 600 Parliament Street, In The Heart Of Toronto Downtown Core, 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.

General Features

Zoning Commercial
Terms SALE
Neighbourhood North St. James Town
Property Sub Type COMMERCIAL_BUSINESS
jumpId 28776379
Property Subtype French Commercial Business
Listing Type French Commercial
MLS C13592534
Property Type Business

Interior Features

Living Area Range 4359 sqft
Bedrooms {}
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Total Baths 12
Total Baths 12

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