493 Parliament Street B

Cabbagetown-South St. James Town, Toronto, M4X 1P3

$4,300/mo

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  • 1 bathrooms

Listed 31 days ago · MLS® C13804878

About this home

Welcome to 493 Parliament Street, Unit B - a flagship office space available for lease in the heart of Cabbagetown. Located at the corner of Parliament and Carlton, this private and professional unit offers a turn-key environment for a business looking to plant roots in one of Toronto's most vibrant downtown neighbourhoods. The space features five well-appointed offices - including one large executive-style office - a modern kitchen, a dedicated board room, and high-end finishes with brand new flooring throughout. Large windows flood the space with natural light, complemented by high ceilings, fresh air vent windows, and separately metered utility services for full operational control. The building offers a spacious entrance lobby off Carlton Street, secure elevator access, washrooms on the same level, and mail delivery boxes in the main lobby. Available furnished or unfurnished, with the previous tenant willing to sell select existing furniture and fixtures for a true plug-and-play setup. Steps to TTC transit, shopping, restaurants, and a thriving local client base, this is a rare opportunity to establish your business in the heart of Cabbagetown. Reach out to Luke for pricing, additional details, and to book a private walk-through. Office will be emptied prior to possession.

Details

Type
Office
Garage
None
Neighbourhood
Cabbagetown-South St. James Town
Municipality
Toronto C08

Interior

Bathrooms
1 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

Rental terms

Minimum term
12 months

More

Possession
30/60/TBA
Cross street
Parliament St. & Carlton St.

Location

Location is approximate. See nearby homes on the map

The neighbourhood

Getting around Very walkable

  • 🚇 Castle Frank Subway15 min walk
  • 🚇 Sherbourne Subway17 min walk
  • 🚆 Toronto Union Station GO2.4 km

Within a 10-minute walk: 17 grocery stores, 100 cafés and restaurants, 17 parks, 20 pharmacies. Nearest grocery: Cabbagetown Organics (0 m). Nearest park: Winchester Square Park (250 m).

Schools nearby

Elementary

  • Winchester Junior and Senior Public School
    EQAO: Gr 6 reading 89%, math 57%
    4 min walk
  • Sprucecourt Junior Public School
    EQAO: Gr 6 reading 85%, math 25%
    6 min walk
  • Lord Dufferin Junior and Senior Public School
    EQAO: Gr 6 reading 80%, math 30%
    7 min walk
  • Our Lady of Lourdes Catholic School Catholic
    EQAO: Gr 6 reading 80%, math 43%
    9 min walk

Secondary

  • Jarvis Collegiate Institute
    EQAO: Gr 9 math 34%, literacy test 80%
    11 min walk
  • Collège français French13 min walk
  • Msgr Fraser College - Isabella Campus Catholic14 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4X

Owners / renters
15% / 85%
Median household income
$58,800
Average age
41
Children under 15
12%
Homes
1% detached, 81% high-rise
Commute by transit
44%
Population
19,896

Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 5.2%, Tamil 2.7%, Spanish 1.6%, Mandarin 1.3%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Cabbagetown-South St.James Town (2025): 26% above the Toronto average, down 8% from the year before.

  • Assault40% above average
  • Break and enter70% above average
  • Auto theft59% below average
  • Robbery85% above average
  • Theft from vehiclesabout average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 10 active

  • 306 GERRARD ST E · 250 m
    Site Plan · Under Review · applied 2026
    Site Plan Approval for an 11-storey mixed-use building containing 228 market and affordable residential units, plus office and community program space.
    Application details
  • 405 SHERBOURNE ST · 450 m
    Site Plan · Application Received · applied 2026
    Site Plan Control Application for a 35-storey (112.6) metre building (excluding mechanical penthouse) 25,069 square metres of residential gross floor area and…
    Application details
  • 219 GERRARD ST E · 450 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 10-storey mixed use building with 60 purpose-built rental units and commercial uses at grade.
    Application details
  • 325 GERRARD ST E · 350 m
    Site Plan · NOAC Issued · applied 2025
    Building 4A Proposal to construct a 26-storey tower, 10 storey mid-rise podium TCHC social housing building with 271 units, retail at grade along Gerrard…
    Application details
  • 240 WELLESLEY ST E · 450 m
    Plan of Subdivision · Under Review · applied 2024
    Draft Plan of Subdivision to establish two development blocks with pedestrian and vehicular connections into and through the subject site. A new public park…
    Application details
  • 383 SHERBOURNE ST · 400 m
    Site Plan · Appeal Received · applied 2023
    The proposal will introduce a 39 storey residential building representing an F.S.I. of 13.58 and lot coverage of 69%. The total GFA will be 20,328 sq. m.…
    Application details

13 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Moss Park 1.1 km
  • 🚧 Distillery District 1.5 km
  • 🚧 Queen 1.6 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Multiple Projects · 2021 · Closed
    Alteration to existing ATM room and Transaction Area and relocation of one existing ATM machine to exterior facade in order to be…

4 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

58 City street trees within 100 m, mostly honeys. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE SIGNATURE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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