242 Parliament Street, Toronto, ON M5A 3A4
Toronto C08
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
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 242 Parliament Street, Toronto, ON M5A 3A4
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MLS# C13503400
Listed by RIGHT AT HOME REALTY
On market since Jun 30, 2026
What comparable homes actually sold for in the last 12 months.
242 Parliament Street, Toronto, ON M5A 3A4 is listed for $349,000 CAD.
242 Parliament Street, Toronto, ON M5A 3A4 is a Sale Of Business.
242 Parliament Street, Toronto, ON M5A 3A4 is in Toronto C08, Ontario.
242 Parliament Street, Toronto, ON M5A 3A4 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 242 Parliament Street, Toronto, ON M5A 3A4 (MLS# C13503400). You can also send a message through the contact form on this site.
