2 Bedrooms in 586 Parliament St
Description
Unit #C at 586 Parliament St is located in Toronto’s Cabbagetown area, a historic and highly desirable downtown neighbourhood known for its Victorian architecture, tree-lined streets, and vibrant community atmosphere. This location places residents just minutes from downtown Toronto, with convenient access to TTC transit and major city destinations. The area is surrounded by cafés, restaurants, grocery stores, parks, and local shops, with nearby landmarks such as Riverdale Farm, Allan Gardens, Toronto Metropolitan University, and Regent Park all within close proximity. With its historic character, excellent walkability, and central downtown location, this address offers a charming and convenient city lifestyle.
Property Location
586 Parliament St, Toronto
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About Cabbagetown
Neighbourhood Guide
Cabbagetown — historically centred on Parliament Street between Gerrard and Wellesley Streets — is one of Toronto's most architecturally significant neighbourhoods, containing the largest continuous area of preserved Victorian residential architecture in North America. The name dates to the 19th century, when Irish and British working-class immigrants settled the area and grew cabbages in their front yards. Today the neighbourhood is a conservation district, and the streetscape of bay-and-gable Victorian homes is protected. Cabbagetown is one of the few Toronto neighbourhoods where historic housing stock is genuinely abundant.
Getting Around
586 Parliament St is 0.6 km from Sherbourne Station — roughly a 7-minute walk — giving you direct TTC subway access. Parliament station does not exist — the neighbourhood's subway access comes from Wellesley station on Line 1 to the north and Castle Frank station on the Bloor–Danforth line to the east. The 65 Parliament bus is the primary surface route through the neighbourhood. The 75 Sherbourne bus connects to Bloor–Yonge. Car-free living is feasible given proximity to downtown, but transit service on Parliament Street itself is bus-only.
Parks & Green Space
Riverdale Farm, off Winchester Street, is a working historic farm operated by the City of Toronto — a free and beloved neighbourhood institution with barnyard animals, a farmers' market on Tuesday and Saturday mornings, and historic farm buildings dating to the 1880s. Riverdale Park West is directly adjacent to the farm and provides a slope with views across the Don Valley. Wellesley Park, at Wellesley and Homewood, and Winchester Park on Winchester Street are additional neighbourhood parks.
Neighbourhood Character
Cabbagetown has a distinct sense of civic pride and historical awareness. The neighbourhood association and the Cabbagetown Preservation Association are active in protecting the built environment and organizing community events. The annual Cabbagetown Festival draws thousands of visitors to Parliament Street each September. The neighbourhood's demographics have shifted considerably since its Victorian working-class origins — it now skews professional and includes a significant LGBTQ+ community that overlaps with the neighbouring Church-Wellesley Village.
Practical Notes for Renters
Cabbagetown's Victorian housing stock means that many rental units are carved from older homes — this typically means more character but also older infrastructure. Renters in older units should ask specifically about heating costs (many use older radiator or baseboard systems), insulation quality, and the building's plumbing age. Parliament Street is a bus-only transit street, which means surface transit can be slower than other inner-city neighbourhoods.
Renting in Toronto: Your Rights as a Tenant
Ontario Residential Tenancies Act
Ontario's Residential Tenancies Act (RTA) applies to virtually all Toronto rental units and provides significant, enforceable protections for tenants. Here is a summary of the key rights every Toronto renter should understand before signing a lease.
Rent Increases
For units first occupied before November 15, 2018, annual rent increases are limited by the Ontario government's annual guideline (2.5% in 2024 and 2025). Units first occupied on or after November 15, 2018 are not subject to rent increase guidelines — landlords may increase rent by any amount, but must still provide 90 days' written notice using the prescribed form.
Deposits
Under Ontario law, a landlord may only collect a last month's rent deposit before you move in — no security deposit, damage deposit, or pet deposit is legal. Any additional deposits collected above the last month's rent are prohibited by the RTA, regardless of what the lease says.
Entry and Privacy
Your landlord must provide at least 24 hours' written notice before entering your unit for non-emergency purposes (such as repairs, inspections, or showing the unit). The notice must state the reason and the time of entry (between 8am and 8pm). Emergency entry is permitted without notice.
Lease Continuation
When a fixed-term lease (such as a one-year lease) expires, it automatically converts to a month-to-month tenancy on the same terms — the landlord cannot require you to sign a new lease or leave. Your rent does not automatically increase when a lease term ends.
Maintenance
Landlords are required to maintain rental units in a good state of repair and in compliance with health, safety, and maintenance standards — regardless of the tenant's rent level. This obligation exists even if the tenant knew about a problem before moving in.
Eviction
Landlords cannot evict a tenant without following the proper legal process. Eviction notices must use prescribed forms, provide the legally required notice period, and state a legitimate reason (non-payment of rent, landlord's own use, substantial renovations, etc.). Most evictions must be confirmed by the Landlord and Tenant Board (LTB) at a hearing if the tenant disputes them.
The Landlord and Tenant Board (ltb.gov.on.ca) handles all disputes between landlords and tenants in Ontario and offers information, mediation, and adjudication services. Tenant Duty Counsel is available at LTB hearings at no cost to help tenants understand their rights.
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Frequently Asked Questions
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Planning your move to 586 Parliament St, Toronto
When planning your move to 586 Parliament St, Toronto, separate the items you will bring yourself from anything that needs a moving crew. When relocating a multi-bedroom household, include storage cupboards and seasonal belongings in the inventory.
Ask the landlord about stairs, delivery access, and any booking requirements rather than assuming a truck can stop at the entrance.
To request estimates based on your own moving plans, visit Moving Companies Toronto and ask for a written breakdown of what each estimate includes.
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