600 Parliament Street

North St. James Town, Toronto, M4X 1R2

$5,800,000

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  • 12 bathrooms

Listed 90 days ago · MLS® C13592534

About this home

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.

Details

Type
Sale Of Business
Lot
20.37 × 110.39 ft
Garage
Outside/Surface
Property tax
$25,888 (2025)
Neighbourhood
North St. James Town
Municipality
Toronto C08

Interior

Bathrooms
12 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

Building and exterior

Building area
4,919 Square Feet

More

Possession
tba
Cross street
Wellesley/Parliament
Business type
Coin Laundromat

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Castle Frank Subway9 min walk
  • 🚇 Sherbourne Subway10 min walk
  • 🚆 Toronto Union Station GO2.8 km

Within a 10-minute walk: 11 grocery stores, 89 cafés and restaurants, 16 parks, 22 pharmacies. Nearest grocery: Ambal Trading (150 m). Nearest park: Winchester Park (350 m).

Schools nearby

Elementary

  • Rose Avenue Junior Public School
    EQAO: Gr 6 reading 67%, math 14%
    4 min walk
  • Winchester Junior and Senior Public School
    EQAO: Gr 6 reading 89%, math 57%
    4 min walk
  • Our Lady of Lourdes Catholic School Catholic
    EQAO: Gr 6 reading 80%, math 43%
    7 min walk
  • Sprucecourt Junior Public School
    EQAO: Gr 6 reading 85%, math 25%
    11 min walk

Secondary

  • Msgr Fraser College - Isabella Campus Catholic9 min walk
  • Jarvis Collegiate Institute
    EQAO: Gr 9 math 34%, literacy test 80%
    10 min walk
  • Rosedale Heights School of the Arts
    EQAO: Gr 9 math 66%, literacy test 95%
    11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4X

Owners / renters
15% / 85%
Median household income
$58,800
Average age
41
Children under 15
12%
Homes
1% detached, 81% high-rise
Commute by transit
44%
Population
19,896

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 5.2%, Tamil 2.7%, Spanish 1.6%, Mandarin 1.3%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in North St.James Town (2025): 24% above the Toronto average, about the same from the year before.

  • Assault67% above average
  • Break and enterabout average
  • Auto theft62% below average
  • Robberyabout average
  • Theft from vehicles35% below average
  • Shootings48% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 4 active

  • 240 WELLESLEY ST E · 150 m
    Plan of Subdivision · Under Review · applied 2024
    Draft Plan of Subdivision to establish two development blocks with pedestrian and vehicular connections into and through the subject site. A new public park…
    Application details
  • 509 PARLIAMENT ST · 400 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2023
    Zoning By-law Amendment law to permit the development of site for a 10-storey mixed-use building (38.6 metres) with retail at-grade (278 square metres) and 60…
    Application details
  • 240 WELLESLEY ST E · 150 m
    Site Plan · Under Review · applied 2022
    Site Plan Approval application to permit three new buildings on the lands, comprising a 47-storey mixed-use building with 5,770 square metres of…
    Application details
  • 545 SHERBOURNE ST · 400 m
    Site Plan · NOAC Issued · applied 2018
    Site Plan Control application for a 51-storey mixed use building with a GFA of 35,000 sq. m with 499 sq. m of retail space and 511 residential units, and the…
    Application details
  • 77 HOWARD ST · 350 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2025
    Zoning By-law Amednement for a 41-storey infill mixed-use building while maintaining the existing 24-storey rental apartment building on site. The proposed new…
    Application details
  • 215 WELLESLEY ST E · 300 m
    Site Plan · Closed · applied 2022
    The proposed development contains 32 affordable housing units, plus a single transitional unit containing 16 beds, and includes office uses at the ground floor…
    Application details

1 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 3 km. Transit times · Driving times

Coming transit

  • 🚧 Moss Park 1.6 km
  • 🚧 Distillery District 1.9 km
  • 🚧 Queen 1.9 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2023 · Inspection
    Proposal for interior alterations.
  • Underpinning · 2019 · Cancelled
    Proposal to underpin the foundation (crawl space) in an existing mixed use building. No other work under this permit. Also refer to 18…
  • Multiple Projects · 2018 · Closed
    Proposal for 2nd and 3rd storey addition at rear of the existing building (2nd and 3rd floor form part of a single dwelling unit), one rear…

2 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

20 City street trees within 100 m, mostly maples. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by FIRST CLASS REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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