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Investment Highlights

  • Features 10 rental units with established tenancy in place.
  • Located in Toronto's high-density downtown core with sustained rental demand.
  • Long-standing laundromat serves both tenants and neighborhood residents.

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,030 SF
Building Class
B
Year Built
1880
Price
$5,800,000 CAD
Price Per SF
$1,914.19 CAD
Cap Rate
7%
NOI
$406,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.35
Lot Size
0.05 AC
Zoning
R
Parking
3 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
20’ on Parliament St

Amenities

  • Signage
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

Starbucks
Tim Hortons
No Frills
FreshCo
Pita Land
freshii
The Keg Steakhouse + Bar
Rabba Fine Foods
CIBC
TD Canada Trust
  • Listing ID: 41410839

  • Date on Market: 2026-07-23

  • Last Updated:

  • Address: 600 Parliament St, Toronto, ON M4X 1R2

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