600 Parliament Street
Toronto, M4X 1R2
FOR SALE
$5,980,000

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Sale Of Business
CATEGORY1,524 Sq Ft
RETAIL AREAC12712810
MLSIDContact Us
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.
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Property Details
Address
600 Parliament Street
Community
City
Postal Code
M4X 1R2
Property Type
Sale Of Business, Sale Of Business
Use
With Property
Zoning
Commercial
Lot Size
20' x 110'
Retail Area
1,524 Sq Ft
Acreage
2,249.0 Feet
Taxes
$25,888 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
2
Garage Type
Outside/Surface
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Listing contracted with Lpt Realty
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