585 Parliament Street, Toronto, ON M4X 1P9
Cabbagetown-South St. James Town, Toronto · Near Parliament/Wellesley · View map
About this home
Exceptional opportunity to own a mixed-use commercial property in the heart of Cabbagetown!Approx. 550 sq. ft. main-floor retail/commercial space plus a spacious 2-bedroom + den residential apartment of over 1,000 sq. ft. featuring a large private deck. Prime Parliament St. location with excellent pedestrian and vehicular exposure, surrounded by established retailers, cafés, restaurants and high-density residential neighbourhoods. Steps to TTC transit with easy access to Sherbourne Station and Downtown Toronto. Minutes to Riverdale Farm, Allan Gardens, Toronto Metropolitan University, downtown hospitals, the Financial District, Eaton Centre, and the DVP. An ideal opportunity for owner-occupiers, investors, orlive/work use in one of Toronto's most vibrant and sought-after mixed-use communities.
The home
- Type
- Store w apt / office
- Square footage
- 1650 sq ft
- Lot size
- 15 x 91 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $10,437/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 60 Days /Flexible
- Cross street
- Parliament/Wellesley
- Neighbourhood
- Cabbagetown-South St. James Town
More
- MLS® number
- C13567244
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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.
585 Parliament Street, Toronto, ON M4X 1P9
Cabbagetown-South St. James Town, Toronto · Near Parliament/Wellesley
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Listing history for 585 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 585 Parliament Street
Answers come straight from this home’s MLS® listing.
How much is 585 Parliament Street listed for, and what would it cost each month?
585 Parliament Street is listed for $1,200,000. With 20% down ($240,000), the mortgage payment would be roughly $4,840 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,710 a month, all in. That figure is an illustration, not a quote.
Is 585 Parliament Street freehold or a condo, and is there a monthly fee?
585 Parliament Street is a store w apt / office 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 585 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 585 Parliament Street?
585 Parliament Street is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 585 Parliament Street, and what is the lot size?
The lot is listed as 15 x 91 ft.
How is 585 Parliament Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 585 Parliament Street?
Property taxes are $10,437 a year (2026), or about $870 a month.
Where is 585 Parliament Street?
585 Parliament Street is in the Cabbagetown-South St. James Town community of Toronto. The nearest main intersection is Parliament/Wellesley. The postal code is M4X 1P9.
Is 585 Parliament Street still for sale?
Yes. It is an active listing (MLS® C13567244). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 585 Parliament Street asking?
Similar properties for sale nearby right now include 461 Parliament Street at $1,488,800, 11 A and B - 225 Wellesley Street E at $849,000 and 1647 Eglinton Avenue W at $1,172,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 585 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 585 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 →
Commercial retail$849,00011 A and B - 225 Wellesley Street E, Toronto2 bath · Cabbagetown-South St. James TownCourtesy of: HARVEY KALLES REAL ESTATE LTD.View home →
Commercial retail$1,172,0001647 Eglinton Avenue W, TorontoOakwood VillageCourtesy of: VANGUARD REALTY BROKERAGE CORP.View home →Courtesy of: CENTURY 21 NEW CONCEPT
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.