240 Parliament Street, Toronto, ON M5A 3A4
Moss Park, Toronto · Near Parliament/Dundas St East/QEW · View map
About this home
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
The home
- Type
- Sale of business
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $31,812/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Immediate
- Cross street
- Parliament/Dundas St East/QEW
- Neighbourhood
- Moss Park
More
- MLS® number
- C13503400
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
240 Parliament Street, Toronto, ON M5A 3A4
Moss Park, Toronto · Near Parliament/Dundas St East/QEW
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Listing history for 240 Parliament Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 240 Parliament Street
Answers come straight from this home’s MLS® listing.
How much is 240 Parliament Street listed for, and what would it cost each month?
240 Parliament Street is listed for $249,000. With 20% down ($49,800), the mortgage payment would be roughly $1,004 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,655 a month, all in. That figure is an illustration, not a quote.
Is 240 Parliament Street freehold or a condo, and is there a monthly fee?
240 Parliament Street is a sale of business in Moss Park, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 240 Parliament Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 240 Parliament Street?
240 Parliament Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 240 Parliament Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 240 Parliament Street?
Property taxes are $31,812 a year (2026), or about $2,651 a month.
Where is 240 Parliament Street?
240 Parliament Street is in the Moss Park community of Toronto. The nearest main intersection is Parliament/Dundas St East/QEW. The postal code is M5A 3A4.
Is 240 Parliament Street still for sale?
Yes. It is an active listing (MLS® C13503400). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 240 Parliament Street asking?
Similar properties for sale nearby right now include 56 Berkeley Street E at $235,000, 1417 Danforth Avenue at $249,000 and 5025 Steeles Avenue W at $249,111. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 240 Parliament Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 240 Parliament Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Moss Park, picked by style, size and price.
Sale of business$235,00056 Berkeley Street E, Toronto3 bath · Moss ParkCourtesy of: CENTURY 21 REGAL REALTY INC.View home →
Sale of business$249,0001417 Danforth Avenue, Toronto1 bath · Greenwood-CoxwellCourtesy of: RE/MAX HALLMARK REALTY LTD.View home →
Sale of business$249,1115025 Steeles Avenue W, Toronto2 bath · Humber SummitCourtesy of: ROYAL LEPAGE CERTIFIED REALTYView home →Courtesy of: ROYAL LEPAGE PINNACLE REAL ESTATE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.