480 490 parliament street toronto

A row of 6 Toronto buildings with shops and restaurants is now for sale for $16.5 million

Cabbagetown is one of Toronto's most vibrant neighbourhoods, with a number of popular restaurants and a bustling nightlife.

The diverse neighbourhood is a homebuyer's dream, but this mixed-use property smack dab in the middle of all the action is going to cost even an investor a pretty penny.

The property is located on 480-490 Parliament Street and faces one of Toronto's highest vehicular and pedestrian traffic strips, and comes with six adjacent mixed-use commercial buildings.

480 490 parliament street All the commercial and residential units have been meticulously renovated and well maintained.

480 490 parliament streetThere's even the potential to build additional spaces for future businesses or residential units for even more income.

480 490 parliament streetThe stretch of units is located just a short walk from popular restaurants, bars, shops, and Castle Frank station.

480 490 parliament streetThe property boasts 21,020 square feet of living space, 16 bathrooms, and a new roof.

480 490 parliament streetPhoSOME Restaurant, Souvlaki Express, Parliament Street Fitness, and Meridian Credit Union are some of the businesses located on the property.

480 490 parliament street

The residential units vary significantly in style, with some opting for a more industrial exposed brick feel, and others taking a modern approach with light wooden cabinets and bright airy windows.

480 490 parliament streetMost of the residential units come with ample kitchen space, as well as existing light fixtures and appliances.

The property is currently listed at a whopping $16.5 million.

Lead photo by

realtor.ca


Latest Videos



Join the conversation Load comments

Latest in Real Estate

This ultra-modern Toronto home with an elevator is for sale at $10.8 million

Cigar boxes used to be made in this $729K Toronto home

You can double the size of this historic Toronto building that's for sale for $13.5 million

Ontario is finally making it easier for landlords and tenants to fight each other

Toronto home just sold for $1.5 million under initial asking price

Average Toronto-area home prices have fallen by almost $300K since February

People are fleeing Toronto home prices to cheap off-grid communities in Ontario's north

Century-old Toronto house has seen a $10 million price increase in just six years