600 Parliament Street, Toronto, Ontario M4X 1R2

Listed for:
$5,980,000
0 beds
0 baths
Listed 43 days ago
Multi-Family for rent: 600 Parliament Street, Toronto, Ontario M4X 1R2

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About

Cross Streets: Wellesley St E / Parliament St. ** Directions: As per google map. An Exceptional Investment Opportunity Awaits At 600 Parliament Street, Ideally Situated In Torontos 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 Torontos 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:27476)

Property Highlights

MLS® Number
C12712802
Type
Multi-family
Community Name
North St. James Town
Land Size
20.37 x 110.39 FT
Parking Space Total
2

Building

Building Type
Multi-Family
Square Footage
4359 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
LPT REALTY
MLS® number:
C12712802
Agent:
Sarah Shao
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