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589 Parliament Street E in Toronto: North St. James Town Commercial for sale (Toronto C08) : MLS®# C12498112

589 Parliament Street E Toronto M4X 1P9 : North St. James Town

Main Photo: 589 Parliament Street E in Toronto: North St. James Town Commercial for sale (Toronto C08)  : MLS®# C12498112banner
$675,000 /For Sale
Prop. Type:
Commercial
MLS® Num:
C12498112
Status:
Active
Bus Major:
Hospitality/Food Related
This well-established Bakery & Cafe Take-Out business is located at the bustling intersection of Wellesley Street and Parliament Street in Toronto, a high-traffic area surrounded by residential communities, retail shops, offices, and public transit access. The business is currently in full operation and performing exceptionally well, with a strong and loyal customer base built over time. Specializing in freshly baked goods, Variety of Corazon's, pastries, pies, and cafe beverages, the shop has become a go-to destination for locals, professionals on the go, and passersby looking for quality and convenience. With a focus on take-out service, the business operates efficiently while maintaining high standards of taste, freshness, and customer satisfaction. The location offers excellent visibility and foot traffic, making it an ideal choice for continued growth and expansion of the brand. Established reputation, proven operations, and strong sales performance make this bakery and cafe a turn-key opportunity in one of Toronto's vibrant neighborhoods. Please note that it is the business only for sale.
Minimum Rental Term:
60
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
1281 sq. ft. Square Feet
Total Area:
Switch units of measure1,281 sq. ft.
Retail Area:
1262 sq. ft. Sq Ft
Lot Depth:
Switch units of measure150'
Lot Frontage:
Switch units of measure16'
Water supply:
Municipal
Zoning:
Retail Restaurant/Cafe/Bakery
Heating type:
Baseboard
Clear Height:
Switch units of measure9'
Survey Available:
No
Garage:
None
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C08
North St. James Town
Yes
Hot Water Tank
All Equipment are included, as such dough machines, Ovens, Walk In fridge, Walk in Freezer, display fridges, cash register, Baking Trays, and other kitchen items as used in daily operations.
None
No
UFFI:
No
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
Yes
Expenses Actual/Estimated:
Estimated
Tax Expenses:
$0
Year Expenses:
7500
Business/Building Name:
Bakery & Cafe
Major Business Type:
Hospitality/Food Related
Category:
Retail
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
7AM-7PM
Chattels:
Yes
LLBO:
No
Outside Storage:
No
Seats:
0
Date Listed:
Oct 31, 2025
Original Price:
Previous Price:
Listed by RE/MAX ACE REALTY INC.
Data was last updated November 6, 2025 at 06:15 AM (UTC)