538 Parliament Street Toronto, Ontario M4X 1P6
$1,499,000
Situated in the heart of Torontos vibrant Cabbagetown neighborhood, 538 Parliament Street offers a unique blend of commercial and residential spaces. This four-story, mixed-use building is fully leased with the commercial unit available vacant, providing immediate income potential for investors or an excellent opportunity for owner-occupiers seeking a live-work arrangement.The space has a history of successful businesses, including a hair salon and a restaurant, and is equipped with adequate power and infrastructure, making it adaptable for various commercial uses. Basement: High and dry, offering additional income potential or storage space.Upper Floors: residential unit featuring ample natural light and well-maintained finishes. Currently rented out for $4000 per monthLocation: High-traffic area with excellent visibility on Parliament Street. Accessibility: Close proximity to public transit, shops, restaurants, and other amenities. Walk Score: 97 (Walkers Paradise) Transit Score: 90 (Riders Paradise) Bike Score: 99 (Bikers Paradise) (id:53661)
Property Details
| MLS® Number | C12139784 |
| Property Type | Retail |
| Neigbourhood | Toronto Centre |
| Community Name | Cabbagetown-South St. James Town |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 1,800 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 80 Ft |
| Size Frontage | 16 Ft ,6 In |
| Size Irregular | 16.5 X 80 Ft |
| Size Total Text | 16.5 X 80 Ft |
| Zoning Description | Mixed Use (commercial/residential) |
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May 10 2025 08:05:17
Toronto Regional Real Estate Board
Area Realty Inc.
