600 Parliament Street, Toronto (North St. James Town) - Business for Sale
600 Parliament Street, Toronto (North St. James Town), Ontario, M4X1R2
This business in Toronto is for sale offering roughly 4,919 sq ft of space.
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. (id:66096)
Property Details
- MLS®
- C13591754
- Property Type
- Business
- Zoning
- Commercial
- Parking
- 3
- Interior Size
- 4,919 ft²
- Frontage
- 20 ft
- Building Area
- 4,919 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $25,888/yr
- Listed
- 105 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 105 days on market, against an average age of 64 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (North St. James Town) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4X)
This home lists at $5,800,000, about 98.6× the local median household income of $58,800.
Carrying it typically needs a household income of about $1,132,943 (20% down, 25-yr amortization, stress-tested) — roughly 1827% above the area median.
- Median household income
- $58,800
- Population
- 19,896
- Median age
- 39.2
- Owner / renter
- 15% / 85%
- Avg. household size
- 2
Source: Statistics Canada, 2021 Census (FSA M4X)
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$5,800,000
Toronto