600 Parliament Street, Toronto, ON M4X 1R2

Listing courtesy of FIRST CLASS REALTY INC..

$5,800,000

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List Price
$5,800,000
MLS®
C13591754
Days on Market
11
Status
ACTIVE
Type
Commercial
Subtype
Investment
Subdivision
Parliament/Wellesley

Property 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.

Additional Information

Subdivision
Parliament/Wellesley
Country
CA
Community Features
Major Highway, Public Transit

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Calculator source: Real Geeks