Parliament Square is a 13-storey mid-rise condominium completed in 2000 by Davies Smith Developments. It contains 181 units in one of Toronto's first major residential waterfront developments. The building was designed during the early wave of downtown residential conversion and reflects early-2000s construction standards and finishes. As a mid-rise building, it offers a lower-density alternative to the towers that now dominate the waterfront, making it attractive to buyers who want downtown living without high-rise living. The building's scale and age make it accessible and established in a now-premium neighbourhood.

Parliament Square is located in Toronto's Waterfront Communities, specifically in the St. Lawrence and East Harbour area. The building is walking distance to the Distillery District, one of Toronto's most popular pedestrian neighbourhoods filled with restaurants, galleries, and shops. The Esplanade waterfront promenade runs south, offering parks, trails, and lake views. The Toronto Islands ferry terminal is a short walk away. Transit options include the King and Queen streetcar lines, which run north-south through the neighbourhood and connect to the downtown core. The Distillery Loop streetcar also serves the area. The neighbourhood has evolved into one of Toronto's most sought-after addresses, with a mix of heritage architecture, new development, and strong walkability.

Units in Parliament Square range from studios to larger floor plans, with current listings showing an average of 4 bedrooms and approximately 1,200 square feet. The building was constructed in 2000, so unit finishes reflect that era, though many owners have renovated. Renters should expect to find furnished and unfurnished options, with current rental listings averaging around $1,800 per month. Buyers should review the status certificate to understand the building's reserve fund and maintenance fee structure, which is standard for any condo purchase downtown. Pet policies vary by unit, so confirm this with the listing agent or the building. The 181-unit size means the building has a solid community but isn't overwhelming, and as a mid-rise, you'll likely have elevator service and consistent property management. Ask about parking availability and costs, as this is a critical consideration in this walkable neighbourhood.