Parliament Square

1 - About Parliament Square

• Address: 39 Parliament St, Toronto
• Neighbourhood: Waterfront Communities C8 (Distillery District)
• Storeys: 13
• Units: 181
• Built Year: 2000
• Builder: Davies Smith Developments
• Building Type: High-Rise Condo (Heritage Conversion)
• Suite Sizes: 421 sqft – 1,861 sqft
• Average Price: $719 / sq. ft.

2 - Overview of Parliament Square

Davies Smith Developments transformed this former industrial machine shop into a 13-storey residential building, working with Quadrangle Architects to preserve the original red brick façade. The design incorporates cubic window bays and distinctive penthouse features that maximize natural light throughout the upper levels.

Located on the historic Gooderham & Worts distillery site, the building maintains its industrial heritage while providing modern residential amenities. The ground floor houses retail spaces, while residents enter through a private lobby situated on Gristmill Lane.

3 - Suite Sizes & Value

Parliament Square offers diverse living options with floor plans spanning from 421-square-foot studios to spacious 1,861-square-foot suites. The unit mix includes one- and two-bedroom configurations, with select two-storey layouts adding vertical space to the heritage conversion experience.

Heritage conversion properties in this National Historic Site command premium pricing, with Parliament Square averaging $719 per square foot. This reflects both the unique character of the converted industrial space and the desirable Distillery District location.

4 - Building Amenities & Features

• Rooftop Deck: Expansive outdoor terrace for resident enjoyment
• Party Room & Meeting Room: Dedicated spaces for social gatherings and business needs
• Security System: Comprehensive building security integration
• Visitor Parking: Convenient on-site parking for guests
• Parking Garage & Bike Storage: Secure facilities for both vehicles and bicycles
• Elevator Access: Full service to all 13 floors
• BBQs Permitted: Residents welcome to use barbecues on designated areas
• Maintenance Fees: Monthly fees cover air conditioning, heat, hydro, water, building insurance, and parking

5 - Location Highlights

Parliament Square sits within the pedestrian-friendly Distillery District on cobblestone streets where vehicle access is restricted. The building faces the iconic red heart sculpture and provides easy access to Parliament Square Park, David Crombie Park, and Princess Street Park.

The location offers excellent connectivity to Lake Shore Boulevard East, providing direct access to the Waterfront Bike Trail and nearby Balmy Beach Park. The Parliament Street and Lake Shore Boulevard intersection serves as a major transportation hub for the area.

6 - Lifestyle Near Parliament Square

The Distillery District's pedestrian-only environment creates a unique urban village atmosphere filled with art galleries, boutique retail stores, and diverse dining options. The cobblestone streets and heritage architecture provide a distinctive backdrop for daily life.

This creative community attracts professionals from the arts and entertainment sectors, offering a quieter alternative to the high-density downtown core while maintaining urban convenience and cultural richness.

7 - About the Developer

Davies Smith Developments brings specialized expertise in heritage building conversions, with Parliament Square representing their commitment to preserving Toronto's industrial architecture. The firm focuses on transforming historical structures into modern residential spaces while respecting their original character.

Their approach integrates contemporary living requirements with heritage preservation standards, demonstrating extensive experience in navigating the complexities of adaptive reuse projects within Toronto's established neighbourhoods.