600 Parliament Street Toronto, Ontario M4X 1R2

$5,980,000

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. (id:60365)

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https://www.realtor.ca/real-estate/28626240/600-parliament-street-toronto-north-st-james-town-north-st-james-town