242 Parliament ST, Toronto C08, ON M5A 3A4
242 Parliament ST, Toronto C08, ON M5A 3A4
242 Parliament ST, Toronto C08, ON M5A 3A4
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$349,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Municipality Toronto C08

Subdivision Moss Park

MLS Listing ID C13503400

Annual Tax Amount $31,812

Tax Year 2026

Property Sub-Type Sale Of Business

Property Description

PRIME RESTAURANT / RETAIL OPPORTUNITY - DOWNTOWN TORONTO Located on Parliament Street between Dundas Street East and Queen Street East, this property enjoys a strategic position in one of Toronto's established and rapidly evolving commercial corridors. The area benefits from strong pedestrian and vehicle traffic and is surrounded by residential communities, businesses, and ongoing redevelopment. AREA HIGHLIGHTS Prime Parliament Street frontage in the heart of Downtown East Toronto. Situated between Dundas Street East and Queen Street East, two of Toronto's major east-west transportation and commercial corridors. High visibility location with excellent exposure to local residents, commuters, and visitors. Growing neighborhood with increasing demand for food, retail, and service-oriented businesses. BUSINESS & FOOD DESTINATION. The area has a long history of successful grocery and specialty food retailers serving diverse communities. More recently, it has become a destination for popular takeout and dining concepts including Indian cuisine, shawarma, kebab, pizza, and other international food offerings. PREMISES Approx. 5,000 sq. ft. of main floor space. Flexible layout with the ability to divide the premises into smaller units. Suitable for restaurant, takeout, grocery, specialty food, retail, service, or other permitted commercial uses, subject to zoning and landlord approval. Excellent opportunity for entrepreneurs, franchise operators, restaurateurs, and expanding businesses. Gross Monthly Rent around $9,854.76. Lease expire Nov-2030 & Additional 5 Years renewal

Location

Province ON

County Toronto

Community Toronto C08

Area Toronto

Zoning Commercial

Interior

Cooling Yes

Inclusions 5 ft Charcoal Hood & 13 Ft Gas Hood, All Equipment as per Chattels List. Restaurant comes with a Juice Bar, Can be used as a Banquet Hall, Food Court, Handycap Access,

Exterior

Parking Features None

Building

Lot Description Building

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Lited by RIGHT AT HOME REALTY
Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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242 Parliament ST

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