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600 Parliament St 3,030 SF 100% Leased Retail Building Toronto, ON M4X 1R2 $5,800,000 CAD ($1,914.19 CAD/SF) 7% Cap Rate



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
1 of 8
Videos
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600 Parliament St
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