242 Parliament St

LocationMoss Park, M5A 3A4
$349K For Sale

Description

PRIME RESTAURANT / RETAIL OPPORTUNITY - DOWNTOWN TORONTO Located on Parliament Street between Dundas Street East and Queen Street East, this property enjoys a strategic position in one of Toronto's established and rapidly evolving commercial corridors. The area benefits from strong pedestrian and vehicle traffic and is surrounded by residential communities, businesses, and ongoing redevelopment. AREA HIGHLIGHTS Prime Parliament Street frontage in the heart of Downtown East Toronto. Situated between Dundas Street East and Queen Street East, two of Toronto's major east-west transportation and commercial corridors. High visibility location with excellent exposure to local residents, commuters, and visitors. Growing neighborhood with increasing demand for food, retail, and service-oriented businesses. BUSINESS & FOOD DESTINATION. The area has a long history of successful grocery and specialty food retailers serving diverse communities. More recently, it has become a destination for popular takeout and dining concepts including Indian cuisine, shawarma, kebab, pizza, and other international food offerings. PREMISES Approx. 5,350 sq. ft. of main floor space. Flexible layout with the ability to divide the premises into smaller units. Suitable for restaurant, takeout, grocery, specialty food, retail, service, or other permitted commercial uses, subject to zoning and landlord approval. Excellent opportunity for entrepreneurs, franchise operators, restaurateurs, and expanding businesses. Gross Monthly Rent around $9,854.76. Lease expire Nov-2030 & Additional 5 Years renewal

Features

  • Business Type
    Category: Restaurant
  • Commercial Total Area
    Total Area: 0 sqft
  • Commercial Retail Area
    Retail Area: 5,350 sqft
  • Number of seats
    Seats: 240
  • Commercial Parking Types
    Parking Types: None
  • Restaurant Business Without Property
    For Sale: Business Only

Details

  • Commercial Zoning
    Zoning: Commercial
  • Tax Amount
    Tax: $ 31,812
  • Business Hour
    Business Hours: 12pm to 12am
  • Business Opening Days
    Opening Days: Open 7 Days
  • Alcohol Allowed
    Alcohol Allowed: N
  • Number of Employees
    Total Employees: 6
  • MLS
    C13503400
  • Listing contracted with: RIGHT AT HOME REALTY

Transit Accessibility

Dundas Subway Station (1.2km)
Union Go Train Station (1.8km)

Location



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