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Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,401 SF
Building Class
C
Year Built
1880
Price
$1,200,000 CAD
Price Per SF
$499.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.76
Lot Size
0.03 AC
Zoning
CR2.0 - Commercial Residential
Frontage
19’ on Parliament St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100

Nearby Major Retailers

Tim Hortons
No Frills
CIBC
TD Canada Trust
Royal Bank of Canada
FreshCo
Rabba Fine Foods
Starbucks
F45 Training
Scotiabank
  • Listing ID: 41320732

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 585 Parliament St, Toronto, ON M4X 1P8

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