600 Parliament Street, Toronto C08, ON M4X 1R2
$5,980,000
$5,980,000

600 Parliament Street

North St. James Town, Toronto $5,980,000

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Outside/Surface Garage
Parking for 2
Zoning: Commercial
MLS®#:
C12712810
Property Type:
Sale Of Business
Property Style:
Area:
Toronto
Community:
North St. James Town
Taxes:
$25,888.13 / 2025
Added:
January 20 2026
Lot Frontage:
20.37
Lot Depth:
110.39
Status:
Active
Outside:
Year Built:
Brokerage:
LPT REALTY
Lot :

110

20

Intersection:
Wellesley St E / Parliament St
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
Yes
Heating Type:
Gas Forced Air Open
Heating Fuel:

Listing Details

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.

Insights

  1. Strong Cash Flow: The property is anchored by a well-established laundromat that generates consistent, year-round cash flow, making it a reliable investment with immediate earning potential.
  2. Loyal Customer Base: The laundromat has built a loyal, repeat customer base due to the lack of in-unit laundry in nearby apartment buildings, ensuring a steady stream of customers and long-term stability.
  3. High Return on Investment: Positioned in a high-density residential area with excellent visibility and foot traffic, the property offers an impressive 7%+ return, with opportunities for revenue growth through additional services.

Neighborhood Overview

Complete neighborhood profile for 600 Parliament Street

North St. James Town home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in North St. James Town
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)