$6,300/mo - 440 Parliament Street, Cabbagetown
Commercial for Rent in Cabbagetown
New — Listed 2 days agoNeighbourhood: Moss Park
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13780476
- Property Type
- Commercial
- Status
- active
- Days on Site
- 2
- Bedrooms
- 0
- Bathrooms
- 4
- Square Feet
- 1,914 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 2,610 sqft
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
A Victorian Architectural Gem in the Heart of Historic Cabbage town, newly renovated retail space W/ soaring ceilings, set within a beautifully restored brick-front Victorian building featuring charming arched windows & exposed brick accents. Main floor retail offers direct access from Parliament St plus a rear entrance leading to backyard laneway parking. Fully underpinned waterproofed basement features high ceilings & multiple access points: from main floor retail & a separate entrance from Parliament & another from backyard. The basement includes 4 washrooms, making it highly versatile for wide range of commercial uses, Property underwent full year-long transformation, taken back to the studs + a large rear addition, providing the feel of brand-new construction while preserving signature heritage character. Renovations Include: Brand New (windows, doors, trims, subfloors, new plumbing throughout, newly underpinned basement W/ high ceilings, separate furnace for retail, staircases, 400-amp electrical service + completely new wiring, commercial fire alarm system, fire-rated drywall + soundproof/fire-rated insulation, sump pump, new concrete slab) & more. This thoughtfully redesigned building blends historic charm with modern functionality. Each unit has separate hydro & gas meters for added convenience. Ideal for a wide range of businesses, Property offers exceptional street presence with a large storefront window facing Parliament St Located in the heart of Cabbage town, next to shops, cafés, grocery stores, top-rated restaurants. Transit/Streetcar is at your doorstep W/ major hospitals, parks, Financial District, Eaton Centre are minutes away. 2 laneway parking space for retail. Customers use metered parking directly in front of the storefront + free parking on side streets
Discover Moss Park
Moss Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Moss Park
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Moss Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
440 Parliament Street, Regent Park / Cabbagetown / St. James Town
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $3/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Cabbagetown transactions.