600 Parliament Street Toronto, Ontario M4X 1R2

$5,800,000

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. (id:55460)

Property Details

MLS® Number	C13591754
Property Type	Business
Community Name	North St. James Town
Amenities Near By	Highway, Public Transit
Parking Space Total	3

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	4359 Sqft
Size Interior	4,359 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	110 Ft ,4 In
Size Frontage	20 Ft ,4 In
Size Irregular	Bldg=20.37 X 110.39 Ft
Size Total Text	Bldg=20.37 X 110.39 Ft
Zoning Description	Commercial

https://www.realtor.ca/real-estate/30064264/600-parliament-street-toronto-north-st-james-town-north-st-james-town