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
This Exceptionally Busy Laundromat Offers A Stable and Consistent Cash Flow, Delivers 7% Plus Return , Supported By A Loyal Customer Base And Strong Day-To-Day Operations. The Business Also Presents Significant Opportunities For Expansion And Future Growth, Making It An Excellent Investment For Both Owner-Operators And Investors. This Exceptional Investment Opportunity Awaits At 600 Parliament Street, In The Heart Of Toronto Downtown Core, 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:66096)
Property Details
- MLS®
- C13592534
- Property Type
- Business
- Business Type
- Special Purpose
- Zoning
- Commercial
- Bathrooms
- 12
- Parking
- 3
- Interior Size
- 4,919 ft²
- Lot Size
- 20 × 110 ft (2,249 sq ft)
- Frontage
- 20 ft
- 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)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$5,800,000
Toronto