600 PARLIAMENT STREET, Toronto (North St. James Town), ON M4X1R2
North St. James Town
Key Facts
Description
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:31684)
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Parking Spaces
2
Listing #
C12712810
Property Features
- Heating:
- Forced Air, Natural Gas
Affordability Calculator
$1,196,000
Estimated monthly payment
$31,828/mo
Principal $4,784,000 · Est. interest $6,674,106 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Toronto, ON
- CA$786,362
- Median Listing Price
- 48
- Median Days on Market
- 950
- Median Sq Ft
- CA$821
- Median Price / Sq Ft
- 19,842
- Active Listings
- This home’s price is 660% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Toronto, ON.
Location
- 600 PARLIAMENT STREET, Toronto (North St. James Town), ON M4X1R2
Nearby Schools
Cabbagetown Co-Operative Nursery School
School · 0.2 km away
Winchester Junior & Sr Public School
Elementary · 0.3 km away
Rose Avenue Junior Public School
Elementary · 0.3 km away
Our Lady of Lourdes School
Elementary · 0.5 km away
A.P.P.L.E. TCDSB Alternative Learning
School · 0.5 km away
Miriam Laurence Studio
School · 0.5 km away
MSGR Fraser College (Isabella Campus)
Secondary School · 0.6 km away
Trios College
Secondary School · 0.6 km away
Jarvis Collegiate Institute
Secondary · 0.7 km away
Sprucecourt Public School
School · 0.7 km away
Rosedale Heights School of the Arts
Secondary · 0.7 km away
Canada's National Ballet School
Secondary · 0.8 km away
Lord Dufferin Jr & Sr Elem School
Elementary · 0.9 km away
Abelard School
School · 0.9 km away
Church Street Public School
Elementary · 0.9 km away
French College
Secondary School · 0.9 km away
College Francais
School · 0.9 km away
Dixon Hall School House Shelter
School · 1.0 km away
Taie International Institute
Secondary · 1.0 km away
Toronto District Secondary School
Secondary · 1.1 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Toronto (North St. James Town)
Listing Courtesy: LPT REALTY
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