556 Parliament Street, Toronto, ON M4X 1P6
Cabbagetown-South St. James Town, Toronto · Near Parliament and Wellesley · View map
About this home
Heart Of Cabbagetown Investment Opportunity In Prime Location At The Corner Of Parliament & Prospect St. A Very Successful Tacos (1F), Two Apartments (2F). Approx. $86,400/year Income without TMI For The Investment. Must See!
The home
- Type
- Commercial retail
- Square footage
- 2290 sq ft
- Lot size
- 15.4 x 80.3 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $13,397/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- Parliament and Wellesley
- Neighbourhood
- Cabbagetown-South St. James Town
More
- MLS® number
- C13807098
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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.
556 Parliament Street, Toronto, ON M4X 1P6
Cabbagetown-South St. James Town, Toronto · Near Parliament and Wellesley
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Listing history for 556 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 556 Parliament Street
Answers come straight from this home’s MLS® listing.
How much is 556 Parliament Street listed for, and what would it cost each month?
556 Parliament Street is listed for $1,650,000. With 20% down ($330,000), the mortgage payment would be roughly $6,656 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,772 a month, all in. That figure is an illustration, not a quote.
Is 556 Parliament Street freehold or a condo, and is there a monthly fee?
556 Parliament Street is a commercial retail in Cabbagetown-South St. James Town, 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 556 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 556 Parliament Street?
556 Parliament Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 556 Parliament Street, and what is the lot size?
The lot is listed as 15.4 x 80.3 ft.
How is 556 Parliament Street heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 556 Parliament Street?
Property taxes are $13,397 a year (2025), or about $1,116 a month.
Where is 556 Parliament Street?
556 Parliament Street is in the Cabbagetown-South St. James Town community of Toronto. The nearest main intersection is Parliament and Wellesley. The postal code is M4X 1P6.
Is 556 Parliament Street still for sale?
Yes. It is an active listing (MLS® C13807098). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 556 Parliament Street asking?
Similar properties for sale nearby right now include 461 Parliament Street at $1,488,800, 585 Parliament Street at $1,200,000 and 194A Carlton Street at $1,649,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 556 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 556 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 Cabbagetown-South St. James Town, picked by style, size and price.
Commercial retail$1,488,800461 Parliament Street, Toronto2 bath · Cabbagetown-South St. James TownCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →
Store w apt / office$1,200,000585 Parliament Street, TorontoCabbagetown-South St. James TownCourtesy of: CENTURY 21 NEW CONCEPTView home →
Commercial retail$1,649,000194A Carlton Street, TorontoCabbagetown-South St. James TownCourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: HOMELIFE FRONTIER REALTY INC.
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.