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SaleSale Of Business

600 Parliament Street

Toronto C08, ON M4X 1R2

Price

$5,800,000

Building Size

4,359 sq ft

MLS# C13592534 | Listed by FIRST CLASS REALTY INC.

Business Details

Business Type

Coin Laundromat

Property Use

With Property

Franchise

No

Commercial Space & Financials

Retail Area

1,524 sq ft

Taxes (Annual)

$25,888

Industrial Specifications

Parking

3 spaces (Outside/Surface)

Lot Size

20.37' × 110.39'

Structure

Freestanding

Property 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.

Price & Status History

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Location

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600 Parliament Street, Toronto C08 M4X 1R2

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Listing Courtesy of: FIRST CLASS REALTY INC.

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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