Investment Overview

428 Parliament Street presents a rare opportunity to acquire a versatile mixed-use asset in the heart of Toronto’s historic and vibrant Cabbagetown neighborhood. With approximately 5,944 square feet of gross building area and frontage along a high-traffic retail corridor, this two-storey property offers a strong blend of street presence, accessibility, and income potential. The building includes three distinct components: a main floor commercial space ideal for retail or office use, a lower-level unit with separate access perfect for service-based businesses or creative studios, and a fully leased upper-level residential apartment featuring a private deck and quality finishes. What sets this property apart is its flexibility. With vacant possession of the commercial units, it caters equally to end-users seeking to operate their business while owning the real estate, and to investors aiming to lease out the spaces at market rents to optimize cash flow. The site also features four rear parking spaces, enhancing its functionality and tenant appeal. Located just north of Gerrard Street East, the property benefits from a 99 Walk Score and is easily accessible by TTC streetcar, surrounding residents, and downtown foot traffic. The area is a growing hub for boutique retailers, food and beverage operators, and lifestyle brands, supported by a dense, mixed-income urban population. Whether you’re an investor looking for a turnkey asset with multiple income streams or an owner-user seeking a strategic downtown foothold, 428 Parliament delivers location, flexibility, and long-term value in one of Toronto’s most enduring retail nodes.