Space
Finished area and layout
- Building Area
- 1,800 sqft
1,800 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- store w apt/office / Mixed Use
Lot
Land, frontage and setting
- Zoning
- CRE*1
Costs
Price, taxes and monthly charges
About This Property
This store w apt/office in Toronto offers 1,800 sqft of building area. The property has zoned CRE*1. The home features yes.
MLS Remarks
Prime corner retail building at busy intersection of Parliament & Richmond Streets. Fully Leased with immediate value add opportunities. Ground floor retail leased to 241 Pizza, currently in 1st renewal term expiring Dec 31, 2027. 1x5 yr further option to renew, subject to LL favorable Sale/Demo clause. Large 2nd floor apartment is currently leased M2M. Both tenants paying below market rent, offering upside and steady holding income. Abundant surface level parking along oversized corner lot. Current 241 Net Rent is $34,800/annum. 2nd floor gross rent is $12,960/annum. Retail tenant pays majority expenses.
Inclusions
Landlord option to terminate existing retail tenant with 6 months notice for 2nd renewal term.
Full Listing Details
Address142 Parliament Street, Toronto, ON M5A 2Z1
MLS#C13647256
Listing StatusNew
Property TypeCommercial
Sub-TypeStore w apt/office
TransactionSale
List DateAug 5, 2026
Days on Market81
Annual Tax$25,536 (2026)
Possession DetailsImmediate
StyleMixed Use
CityToronto
ProvinceOn
Postal CodeM5A 2Z1
Lot Size2,508 sqft
ZoningCRE*1
CoolingYes
SecurityYes
UtilitiesYes
SewerSanitary+Storm
Annual Tax$25,536 (2026)
Landlord option to terminate existing retail tenant with 6 months notice for 2nd renewal term.
3 frontages along Parliament, Richmond St, and Dutches Lane, 4th side is driveway.
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