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242 Parliament Street, Toronto, ON M5A 3A4

Toronto C08, ON, M5A 3A4 · Moss Park

Sq Ft
Sale Of Business Type
C13503400 MLS#

About this property

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. 5,350 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

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Gas Forced Air Closed

Property Details

Property Type Commercial
Property Sub-Type Sale Of Business
Garage None
Heat Type Gas Forced Air Closed
Cooling Yes
Annual Tax $31,812
Tax Year 2026

Heating & Cooling

Heat Type
Gas Forced Air Closed
Cooling
Yes

Parking & Garage

Garage Type
None

Lot & Land

Lot Size Units
Feet
Lot Depth
0.00
Lot Width
0.00

Financial & Tax

Tax Annual Amount
$31,812
Tax Year
2026
Possession Type
Flexible
Possession Details
Immediate

Additional Details

Occupant Type
Owner
County Or Parish
Toronto
Cross Street
Parliament/Dundas St East/QEW
Directions
QEW, North to Parliament
Showing Requirements
Showing System

Location

242 Parliament Street, Toronto, ON M5A 3A4, Toronto C08, ON, M5A 3A4

Listing courtesy of RIGHT AT HOME REALTY
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