The Jennifer Jones Team, LPT Realty, Brokerage
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Toronto (North St. James Town), ON

600 PARLIAMENT STREET

$5,800,000

Listed by
FIRST CLASS REALTY INC.
PAUL HUAJIAN LIU, Salesperson

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business at 600 PARLIAMENT STREET, Toronto (North St. James Town), ON
600 PARLIAMENT STREET, Toronto (North St. James Town), ON, photo 2600 PARLIAMENT STREET, Toronto (North St. James Town), ON, photo 3

Property facts

Price
$5,800,000
Type
business
Bedrooms
0
Bathrooms
12
Size
4,919 sq ft
MLS®
C13592534
Status
active
Brokerage
FIRST CLASS REALTY INC.

About this home

Description provided by the listing brokerage

This Exceptionally Busy Laundromat Offers A Stable and Consistent Cash Flow, Delivers 7% Plus Return , Supported By A Loyal Customer Base And Strong Day-To-Day Operations. The Business Also Presents Significant Opportunities For Expansion And Future Growth, Making It An Excellent Investment For Both Owner-Operators And Investors. This Exceptional Investment Opportunity Awaits At 600 Parliament Street, In The Heart Of Toronto Downtown Core, 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.

Location

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