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$1,495,000
Status: For Sale
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 Type | :Commercial |
|---|---|
| MLS Number | :C13647256 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :06 Aug, 2026 (6 Hours ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Toronto |
|---|---|
| Postal Code | :
M5A 2Z1
|
| Price | : $1,495,000 |
|---|---|
| Property Taxes | :$25536.43 |
| Tax Year | :2026 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Other |
| Cross Street | :Northwest corner of Parliament Street and Richmond Street East, just south of Queen Street East and just north of Adelaide Street East. |
| Fireplace/Stove | :No |
|---|
06 Aug, 2026
TREB #C13647240
Listed
$1495000.0
