585 Parliament Street, Toronto, ON M4X 1P9
Cabbagetown-South St. James Town · C08 · M4X 1P9
$1,200,000
$727 / sq ft3 months on market
- Total area
- 1,650 sf
- Lot
- 15 × 91 ft
What's special
- Yes
About this property
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.
Property details
Property
- Property type
- retail
- Interior size
- 1,650 sq ft
- Lot size
- 15 × 91 ft
- Zoning
- CR2(c1;r2*1288), CR2(c1;r2*2361)
- Possession
- 60 Days /Flexible
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Yes
Costs
- List price
- $1,200,000
- Property taxes
- $10,437 / year (2026)
- Price per sq ft
- $727
Listing
- MLS® number
- C13567244
- Status
- For sale
- Listed
- July 15, 2026
- Days on market
- 113
- Last updated
- September 15, 2026
- Listing brokerage
- CENTURY 21 NEW CONCEPT
Price & sale history
This property's sale history is hidden
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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 in line with comparable listings — about 42% of comparable retail listings in Toronto are asking less.
- This home
- $727 / sq ft
- Comparable median
- $665 / sq ft
Based on 96 comparable active retail listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $6,109.73
- Property tax (est.)
- $869.76
- Estimated monthly
- $6,979
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
- $20,475
- Toronto municipal
- $20,475
- Total due on closing
- $40,950
An estimate on the asking price of $1,200,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CENTURY 21 NEW CONCEPT. 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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