M4X Gas Stations for Sale

Commercial Real Estate in M4X available for sale

Retail Spaces for Sale Within of M4X

585 Parliament St

Toronto, ON M4X 1P8

Retail for Sale
$1,200,000 CAD
2,401 SF

Toronto Retail for Sale - Downtown North

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.

Contact:

Century 21 New Concept

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-07-16

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539-541 Parliament St

Toronto, ON M4X 1P7

Retail for Sale
Price Upon Request
9,578 SF

Toronto Retail for Sale - Downtown North

This offering represents a rare opportunity to acquire 100% freehold interest in a prominent retail asset located at the high-traffic corner of Parliament Street and Winchester Street in Cabbagetown, one of Toronto’s most established downtown neighborhoods. The property is fully leased to Rexall / Pharma Plus Pharmacies Ltd. under an original 20-year net lease that commenced in 2012 and runs through November 2032, ensuring stable and predictable cash flow from a nationally recognized pharmacy chain. Positioned on an approximate 10,000-square-foot corner site, the property’s CR zoning allows for an as-of-right four-story (14-meter) built form, offering significant long-term redevelopment or repositioning potential. This combination of reliable income and future optionality provides a compelling covered land investment profile. The property further benefits from below-market financing, which enhances investor leverage and supports acquisition pricing. With strong pedestrian traffic, dense residential surroundings, and continued growth in this vibrant neighborhood, 539–541 Parliament Street offers an exceptional investment and urban land opportunity in the core of Toronto.