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556 Parliament Street
Cabbagetown-South St. James Town Toronto M4X 1P6

$1,650,000 /For Sale
Commercial

Main Photo: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 1: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 2: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 3: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 4: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 5: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 6: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 7: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 8: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 9: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 10: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 11: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 12: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 13: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 14: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 15: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 16: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 17: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 18: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 19: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Photo 20: 556 Parliament Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08)  : MLS®# C12957582
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12957582
Heart Of Cabbagetown Investment Opportunity In Prime Location At The Corner Of Parliament & Prospect St. A Very Successful Tacos (1F), Two Apartments (2F). Approx. $86,400/year Income without TMI For The Investment. Must See!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
2290 sq. ft. Square Feet
Total Area:
2,290 sq. ft.
Retail Area:
1097 sq. ft. Sq Ft
Office/Apt Area:
1196 sq. ft. Sq Ft
Lot Depth:
80'4"
Lot Frontage:
15'4½"
Water supply:
Municipal
Zoning:
CR2
Heating type:
Baseboard
Garage:
None
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$13,397 / 2025
Assessment:
$- / -
Toronto
Toronto C08
Cabbagetown-South St. James Town
No
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Apr 04, 2026
Original Price:
Previous Price:
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Listed by HOMELIFE FRONTIER REALTY INC. and CENTURY 21 KENNECT REALTY
Data was last updated April 8, 2026 at 03:15 AM (UTC)
DARYL  KING
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Explore Commercial Space for Sale in Toronto

Toronto’s diverse commercial property market includes everything from retail units and office suites to industrial spaces and mixed-use buildings. Whether you’re looking in downtown, midtown, or outer suburbs, our listings offer:

Strategic Locations – Proximity to TTC, highways, and business hubs
Variety of Property Types – Office, retail, warehouse, and flex space
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Canada’s Economic Capital – High demand, strong ROI, and business growth
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Navigating the Commercial Real Estate Market in Toronto

Buying commercial space in Toronto involves important considerations, such as zoning laws, financing options, and long-term investment potential. Our expert team is here to guide you through each step of the process, offering personalized advice on market trends, property inspections, and negotiations to ensure a seamless and successful transaction.

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FAQs – Commercial Space for Sale Toronto

1. What types of commercial properties are available in Toronto?
Office spaces, retail storefronts, warehouses, industrial units, and mixed-use buildings.

2. Is now a good time to buy commercial space in Toronto?
Yes. With ongoing development and population growth, demand remains high in key business districts.

3. Can I lease out the space if I’m not using it?
Absolutely. Many buyers purchase commercial property solely as an income-generating investment.

4. What areas are best for commercial real estate in Toronto?
Downtown Core, Liberty Village, North York, Scarborough, and Etobicoke are all strong markets.