Address
600 Parliament Street, Toronto, ON
Price
$ 5,800,000
Property Attributes
  • ID#C13591754
  • TypeCommercial
  • Listing Status New
  • CityToronto
  • AreaNorth St. James Town
  • NeighbourhoodNorth St. James Town
  • Postal CodeM4X 1R2
  • StyleInvestment
  • Taxes$ 25888
  • Price$ 5,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4359
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
7/22/2026 Listed $5,800,000

General Features

Cooling Yes
Utilities Yes
Heater Type Gas Forced Air Open
Parking Spaces 3
Property Subtype Investment
Tax Year 2025
Lot Depth 110.39
Community Features Major Highway,Public Transit
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Toronto C08
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 25888.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type Outside/Surface
Spa No
Building Area Total 4359.0
Lot Size Source MPAC
Waterfront Y/N No

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
Visits
AVG 1
80
Data Provided by Inside Real Estate®