142 Parliament St, Toronto, ON

Toronto C08, ON, M5A 2Z1

Other

Added 91 days ago

MLS® C13647246

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About this home

Listing description

Broker remarks from the listing.

Quick facts

$25,536 taxes · 2026
40 frontage
1,800 sqft

Prime corner retail building at busy intersection of Parliament & Richmond Streets. Fully Leased with immediate value add opportunities. Ground floor retail leased to 241 Pizza, currently in 1st renewal term expiring Dec 31, 2027. 1x5 yr further option to renew, subject to LL favorable Sale/Demo clause. Large 2nd floor apartment is currently leased M2M. Both tenants paying below market rent, offering upside and steady holding income. Abundant surface level parking along oversized corner lot. Current 241 Net Rent is $34,800/annum. 2nd floor gross rent is $12,960/annum. Retail tenant pays majority expenses.

Property sheet

Listing details

Key facts from the MLS® sheet for this home.

Overview

Property type: Other
MLS®: C13647246
Community: Moss Park
Postal code: M5A 2Z1
Living area: 1,800 sqft
Bedrooms: 0
Bathrooms: 0
Lot front: 40
Lot depth: 61
Cross St.: Northwest corner of Parliament Street and Richmond Street East, just south of Queen Street East and just north of Adelaide Street East.
Possession: Immediate
Days on market: 91
Brokerage: CUSHMAN & WAKEFIELD

Taxes & condo

Taxes: $25,536 / 2026

Building

Cooling: Yes
Heating: Other

Lot

Lot size: 2,507.99 Feet

Parking

Garage: Outside/Surface
Parking spaces: 8

Inclusions & extras

Inclusions: Landlord option to terminate existing retail tenant with 6 months notice for 2nd renewal term.

Record

Listing history

Buy/sell history for 142 Parliament Street, Toronto, ON, Toronto C08, ON M5A 2Z1 (Other)

$1,495,000

For Sale

List: 2026-08-06

C13647246

Contract Date	Last Update	Price	Status	Listing ID
Aug 6, 2026	Aug 6, 2026	$1,495,000	For Sale	C13647246