A 6-building Toronto row with shops and restaurants is now up for sale for $16.5 million

Cabbagetown is one of Toronto’s liveliest neighborhoods, with a number of popular restaurants and vibrant nightlife.

The diverse neighborhood is a homebuyer’s dream, but this mixed-use property right in the middle of all the action will even cost an investor a pretty penny.

The building is located at 480-490 Parliament Street and faces one of Toronto’s highest vehicular and pedestrian traffic lanes. It includes six adjacent mixed-use commercial buildings.

All commercial and residential units have been meticulously renovated and well maintained.

480 490 parliament streetThere is even the possibility of building additional spaces for future businesses or residential units for even more income.

480 490 parliament streetThe stretch of units is located within walking distance of popular restaurants, bars, shops and Castle Frank train station.

480 490 parliament streetThe property has 21,020 square feet of living space, 16 bathrooms and a new roof.

480 490 parliament streetPhoSOME Restaurant, Souvlaki Express, Parliament Street Fitness, and Meridian Credit Union are some of the businesses located on the property.

480 490 parliament street

Residential units vary widely in style, with some opting for a more industrial exposed brick feel, and others taking a modern approach with light wood cabinetry and bright, airy windows.

480 490 parliament streetMost residential units have ample kitchen space, as well as existing light fixtures and appliances.

The property is currently listed at $16.5 million.

Marjorie N. McClure