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$ 1,499,000
Est. payment | /mo
2 Beds
1 Bath
1,800 SqFt
$ 1,499,000
Est. payment | /mo
2 Beds
1 Bath
1,800 SqFt
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $832
Subdivision Cabbagetown-South St. James Town
MLS Listing ID C12139784
Bedrooms 2
Annual Tax Amount $10,796
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
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)
Location
Province ON
County Toronto
Community Cabbagetown-South St. James Town
Area Toronto
Zoning Mixed Use (commercial/residential)
Rooms
Kitchen 1
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 16.5
Lot Depth 80.0
Others
Security Features No
Listed by AREA REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "