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600 Parliament Street Toronto, Ontario M4X 1R2

4359 sqft
Fully Air Conditioned Forced Air

$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:60365)

Property Details

MLS® Number C13591754
Property Type Business
Community Name North St. James Town
AmenitiesNearBy Highway, Public Transit
ParkingSpaceTotal 3

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 4359 Sqft
SizeInterior 4359 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Highway, Public Transit
SizeDepth 110 Ft ,4 In
SizeFrontage 20 Ft ,4 In
SizeIrregular Bldg=20.37 X 110.39 Ft
SizeTotalText Bldg=20.37 X 110.39 Ft
ZoningDescription Commercial

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

Paul Huajian Liu
Salesperson


First Class Realty Inc.
7481 Woodbine Ave #203
Markham, Ontario L3R 2W1

Sarah Shao
Salesperson


Lpt Realty
5100-333 Bay St
Toronto, Ontario M5H 2R2

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