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For saleMLS® C13592534

600 Parliament Street, Toronto, ON M4X 1R2

North St. James Town · C08 · M4X 1R2

$5,800,000

$1,179 / sq ft

3 months on market

Bathrooms
12
Total area
4,919 sf
Lot
20.37 × 110.39 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

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.

Property details

Property

Property type
business
Bathrooms
12
Interior size
4,919 sq ft
Lot size
20.37 × 110.39 ft
Zoning
Commercial
Possession
tba

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Outside/Surface

Costs

List price
$5,800,000
Property taxes
$25,888 / year (2025)
Price per sq ft
$1,179

Listing

MLS® number
C13592534
Status
For sale
Listed
July 22, 2026
Days on market
106
Last updated
October 8, 2026
Listing brokerage
FIRST CLASS REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 100% of comparable business for sale listings in Toronto are asking less.

$55KMedian $149K$399K
This home
$1,179 / sq ft
Comparable median
$116 / sq ft

Based on 96 comparable active business for sale listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $1,160,000
$1,160,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$25,655.36
Property tax (est.)
$2,157.33
Estimated monthly
$27,813

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$131,475
Toronto municipal
$185,475
Total due on closing
$316,950

An estimate on the asking price of $5,800,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of FIRST CLASS REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$5,800,000

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Comparable sales nearby

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Nearby sold prices are hidden

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