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For saleMLS® C13503400

240 Parliament Street, Toronto, ON M5A 3A4

Moss Park · C08 · M5A 3A4

$249,000

4 months on market

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About this property

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

Property details

Property

Property type
business
Zoning
Commercial
Possession
Immediate

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Costs

List price
$249,000
Property taxes
$31,812 / year (2026)

Listing

MLS® number
C13503400
Status
For sale
Listed
June 30, 2026
Days on market
128
Last updated
October 25, 2026
Listing brokerage
ROYAL LEPAGE PINNACLE REAL ESTATE

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 100% of comparable business for sale listings in Moss Park are asking less.

$1Median $87K$161K

Based on 8 comparable active business for sale listings in Moss Park. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $12,450
$12,450
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,307.93
Property tax (est.)
$2,651.01
Estimated monthly
$3,959

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$2,215
Toronto municipal
$2,215
Total due on closing
$4,430

An estimate on the asking price of $249,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE PINNACLE REAL ESTATE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$249,000

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