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242 Parliament Street
Moss Park Toronto M5A 3A4

$349,000 /For Sale
Commercial

Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13503400
Bus Major:
Restaurant
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. 5,350 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
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
5350 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$31,812.15 / 2026
Assessment:
$- / -
Toronto
Toronto C08
Moss Park
5 ft Charcoal Hood & 13 Ft Gas Hood, All Equipment as per Chattels List. Restaurant comes with a Juice Bar, Can be used as a Banquet Hall, Food Court, Handycap Access,
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
12pm to 12am
Employees:
6
Chattels:
Yes
LLBO:
No
Seats:
240
Date Listed:
Jun 30, 2026
Listed by RIGHT AT HOME REALTY
Data was last updated June 30, 2026 at 08:15 PM (UTC)
DENNIS CHAN, BROKER
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