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509 Parliament St
2,000 - 10,000 SF of Retail Space Available in Toronto, ON M4X 1P3
Highlights
- High-visibility location on Parliament Street in Cabbagetown
- Excellent transit access with streetcar stop outside and Bloor Subway nearby
- Flexible 8,000 SF ground floor and 2,000 SF mezzanine space
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,000 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 2,000 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Suggested uses: restaurant, entertainment, concert venue, retail, health and beauty, service, medical, fitness
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 10,000 SF of adjacent space
- Central Air Conditioning
- Prominent exposure directly onto Parliament St.
- Rear-loading available in laneway
- Streetcar right outside door
2nd Floor
Suggested uses: restaurant, entertainment, concert venue, retail, health and beauty, service, medical, fitness
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 10,000 SF of adjacent space
- Central Air Conditioning
- Prominent exposure directly onto Parliament St.
- Rear-loading available in laneway
- Streetcar right outside door
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 509 Parliament St , Toronto, ON M4X 1P3
| Property Type | Retail | Gross Leasable Area | 14,235 SF |
| Property Subtype | Movie Theatre | Year Built | 1930 |
| Property Type | Retail |
| Property Subtype | Movie Theatre |
| Gross Leasable Area | 14,235 SF |
| Year Built | 1930 |
About the Property
Located at 509 Parliament Street in the vibrant Cabbagetown neighborhood, this large-format retail space offers prominent exposure with approximately 8,000 SF of ground-floor space and an additional 2,000 SF mezzanine. The building features high ceilings and is ideal for a variety of uses, including restaurant, retail, entertainment, medical, or fitness. Rear-loading is available via the laneway, adding convenience for deliveries. Public transit is easily accessible, with a streetcar stop right outside and the Bloor Subway line just a 5-minute walk away. The surrounding area is home to strong tenants like LCBO, Rexall, TD Bank, Shoppers Drug Mart, No Frills, Pet Valu, and Church’s Chicken, ensuring high foot traffic. With its prime location and flexible layout, this space is perfect for businesses looking to establish themselves in a dynamic and growing area of Toronto. Immediate possession is available for qualified tenants.
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509 Parliament St
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