142 Parliament Street, Toronto, ON M5A 2Z1

Toronto C08, ON M5A 2Z1

$1,495,000 Est. $6,350/mo · 20% down, 25-yr, 4.09%

40 × 61 ftLot

InvestmentType

About this property

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 Summary

Property TypeInvestment

Community NameMoss Park

Land Size40 x 61 ft

Annual Property Taxes$25,536.00

Tax Year2026

Parking TypeOutside/Surface Garage

Building details

Bathrooms / washrooms0

Property typeInvestment

Lot & land

Lot dimensions40 × 61 ft

Lot frontage40 ft

Lot depth61 ft

Interior Features

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

Building Features

StyleInvestment

Heating & Cooling

CoolingYes

Heating TypeOther

Utilities

Utility SewerSanitary+Storm

Parking

Parking TypeOutside/Surface Garage

Taxes & fees

Annual taxes$25,536 (2026)

Listing history

On market sinceAug 5, 2026

Location

Toronto C08, ON M5A 2Z1

Listed by CUSHMAN & WAKEFIELD, Brokerage · Listing data sourced from TRREB®, refreshed nightly.

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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.