240 Parliament Street, Toronto (Moss Park) - Business for Sale
240 Parliament Street, Toronto (Moss Park), Ontario, M5A3A4
Description
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:66096)
Property Details
- MLS®
- C13503400
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $31,812.15/yr
- Listed
- 129 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 129 days on market, against an average age of 62 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5A)
This home lists at $249,000, about 3.5× the local median household income of $71,000.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $71,000
- Population
- 48,978
- Median age
- 36.4
- Owner / renter
- 35% / 65%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5A)
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$249,000
Toronto