142 Parliament Street
Toronto, M5A 2Z1
FOR SALE
$1,495,000
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Store W Apt/Office
CATEGORY 900 Sq Ft
OFFICE/APT AREA C13647256
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Property Description
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.
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Property Details
Address
142 Parliament Street
Community
City
Postal Code
M5A 2Z1
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
CRE*1
Lot Size
40' x 61'
Office Area
900 Sq Ft
Retail Area
900 Sq Ft
Acreage
2,508.0 Feet
Taxes
$25,536 (2026
Heat Type
Other
Water
Municipal
Parking Spaces
8
Garage Type
Outside/Surface
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Listing contracted with Cushman & Wakefield
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