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600 Parliament Street, Toronto, ON M4X 1R2

Toronto C08, ON

$5,800,000
MLS® #: C13591754
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Description

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.

Quick Details

BedsN/A
BathsN/A
TypeCommercial
Sq Ft0
Taxes$25,888
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Comprehensive Property Details

Assessment Year 2025
Building Area Total 4359
Building Area Units Square Feet
City Region North St. James Town
Co List Office Name LPT REALTY
Contract Status Available
Country CA
County Or Parish Toronto
Cross Street Parliament/Wellesley
D D F Y N Yes
Directions front on parliament
Expiration Date 2027-01-31
Freestanding Y N Yes
Garage Type Outside/Surface
Heat Type Gas Forced Air Open
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
List A O R Toronto Regional Real Estate Board
List Office Name FIRST CLASS REALTY INC.
List Price Unit For Sale
Lot Depth 110.39
Lot Size Area Units SquareFeet
Lot Size Source MPAC
Lot Size Units Feet
Lot Type Building
Lot Width 20.37
Mls Status New
Occupant Type Owner
Parcel Number 210860101
Parking Spaces 3
Possession Type Flexible
Postal Code M4X 1R2
Property Sub Type Investment
Property Use Accommodation
Roll Number 190407444000600
Standard Status Active
State Or Province ON
Street Name Parliament
Street Number 600
Street Suffix Street
Tax Type Annual
Tax Year 2025
Transaction Type For Sale
Vendor Property Info Statement No