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    39 Parliament Street

    Parliament Square
    2for Sale
    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    181
    Condo Completion:
    2000
    Condo Demand:
    High
    Unit Size Range:
    350 - 1,746 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Parliament Square

    Receive listing updates for Distillery District

    Amenities

    Concierge
    Party Room
    Rec Room
    Rooftop Deck
    Media Room
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 39 Parliament StreetParliament Square

    As expected for a building with such a prestigious address — 39 Parliament Street in the enchanting Distillery District — these condos are the epitome of luxurious modern homes. Although what many Torontonians may not know is that the Parliament Square Condos features considerable accessibility features. Completed in 2000 by Davies Smith Developments, 39 Parliament doesn’t just attract many prospective homeowners seeking Toronto condos for sale, they warmly welcome residents regardless of their abilities.

    It’s only fitting that the Distillery District’s distinctive red heart sculpture stands right in front of the condos, since the illustrious team at Quadrangle Architects designed the Parliament Square Condos with care. Rising up to 13-storeys, and set along the charming Gristmill Lane, the building features a distinguished brick façade — preserved from a historical machine shop.

    Complementing the brickwork, 39 Parliament’s design incorporates a sense of grandeur thanks to its voluminous cubic window bays. This all culminates in a level of modern penthouses, framed by a boldly articulated awning. Altogether, Parliament Square features a range of architectural forms, bringing a vibrant contemporary aesthetic to Distillery Districts’ heritage-centred atmosphere. Similarly, eclectic retail is located at street level in the building, just next door to its welcoming private lobby and lounge.

    Finally, the amenities available to residents include a well-equipped fitness centre, rooms appointed for meetings and hosting parties, and a rooftop terrace overlooking the Distillery District, with views of Lake Ontario and the city’s skyscrapers in the not-too-far-off distance.

    The Suites

    Since they have been around for a while now, there has been plenty of time for the customization of suites at Parliament Square. As a result, these suites certainly embrace many aesthetics with open arms. Regardless of style or colour scheme added to a unit over the years, each home boasts open-floor plans and great natural light, courtesy of their generous array of floor-to-ceiling windows.

    Whenever one of the suites at 39 Parliament becomes available, prospective buyers will want to act fast, as there are only 181 downtown Toronto condos in the entire building. These homes also happen to boast some of the most spacious floor plans of their kind in the Distillery District, ranging in size from approximately 400 to 1,800 square feet. This includes studios, one and two bedrooms layouts, and suites with additional dens as well. And better yet, many of these suites even extend onto private balconies or terraces.

    The Neighbourhood

    Founded in 1832, the Gooderham and Worts Distillery came to be the largest distillery in the world in the 1860s. The company constructed some grand buildings in the area, which are well preserved and thanks to their contemporary recognition as a National Historic Site.

    Perhaps since these building were managed to be kept in such good shape, this alluring rustic environment has allowed for a charming commercial scene to move in. Even though the whisky industry no longer inhabits the neighbourhood, the Distillery District may now be more vibrant than ever.

    Home to many independent galleries and a thriving arts scene, the Distillery District is also an eclectic neighbourhood frequented by many artists and musicians who visit the area for both business and pleasure.

    Additionally, the Distillery District is home to an active community of residents, which has attracted much more diverse programming to the neighbourhood — especially events that cater to families. For example, the historic streets and alleys make the perfect backdrop for the popular Christmas Market each year.

    Transportation

    With pedestrian-only cobblestone streets largely making up the Distillery District’s infrastructure, the neighbourhood is quite walkable for those living in 39 Parliament. Still, when one decides to venture further from home they can do so easily — even without a car.

    A scenic walk through David Crombie Park lands one at the nearby St. Lawrence Market, which does not sit far from Union Station, the city’s foremost transit hub. However, when those living in Parliament Square want to get around faster, they can easily hop onto the 514 Streetcar, which stops in the Distillery Loop, a block east of the building. This streetcar carries riders to King Station, a stop north of Union on the Yonge-University-Spadina line, in about fifteen minutes.

    For those who prefer to drive, residents are well positioned when living at 39 Parliament. Drivers need only head south for a minute or so to reach Lakeshore Boulevard East, which connects onto the Gardiner Expressway. From here, drivers also have the option to head north up the Don Valley Parkway.

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    2

    Listings For Sale

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    Listings For Rent

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    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    5,533
    Average Individual Income
    $65,701
    Average Household Size
    3 persons
    Average Age
    49
    Average Household Income
    $100,783
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    19%
    65+
    16%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Semi Detached
    32%
    Detached
    17%
    Low Rise Apartment
    3%
    Duplex
    1%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    81%
    Mandarin
    12%
    Arabic
    2%
    Telugu
    1%
    Portuguese
    1%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    43%
    High School
    23%
    College
    15%
    None
    11%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    21%
    Math & Computer Sciences
    11%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    Parliament Square vs The Distillery District Area

    Days on Strata

    Units at Parliament Square spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    8%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Distillery District

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 7 condos in the Distillery District area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    Parliament Square offers the
    ?
    best value out of 7 condos in the Distillery District neighbourhood

    Appreciation Rank

    Parliament Square has the
    ?
    highest ROI out of 7 condos in the Distillery District neighbourhood

    Rental Yield

    Parliament Square yields the
    ?
    highest rent prices out of 7 condos in the Distillery District neighbourhood

    High Demand

    Parliament Square is the
    ?
    most popular building out of 7 condos in the Distillery District neighbourhood

    Transaction Insights at 39 Parliament Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$500,000$569,900$625,000 - $712,500$901,000No Data$1,015,000
    Avg. Cost Per Sqft$796$866$889$839No Data$883
    Avg. Wait for Unit Availability599 Days125 Days259 Days137 Days552 Days1049 Days
    Ratio of Units in Building8%28%17%34%7%9%

    Unit Sales vs Inventory

    Total number of units listed and sold in Distillery District