Fully Air Conditioned
Forced Air
$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:60626)
Business
|
Business Type
|
Special Purpose |
|
Business Sub Type
|
Laundromat |
Property Details
|
MLS® Number
|
C12294490 |
|
Property Type
|
Business |
|
Neigbourhood
|
Toronto Centre |
|
Community Name
|
North St. James Town |
|
Parking Space Total
|
2 |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
110 Ft ,4 In |
|
Size Frontage
|
20 Ft ,4 In |
|
Size Irregular
|
20.37 X 110.39 Ft |
|
Size Total Text
|
20.37 X 110.39 Ft |
|
Zoning Description
|
Commercial |
