Commercial/Retail for sale at 142 Parliament Street, Toronto, Ontario, M5A 2Z1 - Moss Park - MLS: C13647240

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142 Parliament Street

Toronto, Ontario, M5A 2Z1 - Moss Park

$1,495,000

Neighbourhood

Moss Park
Major Intersection

Northwest corner of Parliament Street and Richmond Street East, just south of Queen Street East and just north of Adelaide Street East.

Listed Since: 2 day(s)
Last update: 1 day(s) ago

Overview

Property Type

Commercial/Retail, Retail
Bedrooms

n/a
Bathrooms

n/a
Basement

n/a
Kitchen

n/a
Total Parking

8
Lot Size

40x61 (Feet)
Taxes

$25,536.43 (2026)
Type

Commercial

Property Description

Property description for 142 Parliament Street, Toronto

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.

Listed by CUSHMAN & WAKEFIELD

Property details

MLS #

C13647240
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Outside/Surface
Total Parking

8
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Other
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

San+Storm
Central Vac

n/a

MLS #

C13647240
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Outside/Surface
Total Parking

8
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Other
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

San+Storm
Central Vac

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 142 Parliament Street, Toronto

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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