240 Parliament Street, Toronto
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 (id:1945)
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Property details for 240 Parliament Street, Toronto
- Type
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $31,812
Nearby Listings Stat
Estimated price and comparable properties near 240 Parliament Street
Active Listings
1367
Min Price
$1
Max Price
$23,985,000
Avg Price
$1,050,042
Days on Market
68
days
Sold Listings
586
Min Sold Price
$1
Max Sold Price
$8,495,000
Avg Sold Price
$891,900
Days until Sold
64
days
Neighbourhood Census Data
Toronto, Ontario
Population
508
Median Age
43.1
Median Income
$35,627
Dwelling Value
$801,339
Housing Tenure
Owners 56%
Renters 42%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 9,788.1/km²
Avg Shelter Cost: $1,779/mo
Owners with Mortgage: 71.4%
Owners Spending 30%+: 42.9%
Tenants Spending 30%+: 75%
English only: 80%
English and French: 18%
Neither: 2%
Median Household Income: $72,448
Median Employment Income: $39,872
Price History
Listed
June 30, 2026
by RIGHT AT HOME REALTY
Current Price
$299,000
-14.3% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $299,000 | $50,000 (-14.3%) |
| Aug 8, 2026 | $349,000 | Listed |