The Goode Condos — 33 Parliament Street
One of the last remaining opportunities to buy new in the Distillery District — a 32-storey Graywood tower where cobblestone heritage lanes meet the new waterfront trail network, with the Ontario Line planned nearby.
What is being built
Suite mix runs studio through three-bedroom across 540 units. Exact availability, sizes and pricing change constantly — register and I will send what is genuinely available rather than the launch sheet.
Unlock prices & floor plans
Send me your budget and the layout you are after. I will come back with current availability, real pricing, the deposit structure and any builder incentives on the table — plus my honest read on whether the numbers work.
Confirmed project details
| Address | 33 Parliament Street, Toronto |
| Neighbourhood | Distillery District |
| Developer | Graywood Developments |
| Storeys | 32 |
| Total units | 540 |
| Suite range | Studio to three-bedroom |
| Occupancy | 2026 |
| Transit | Ontario Line planned nearby; existing 504/514 streetcar service |
| Amenities noted | Co-working space, rooftop pool, yoga studio |
Everything above is what has been publicly confirmed. Pricing, floor plans, deposit structure, incentives and occupancy dates are set by the builder and change without notice — I confirm current details directly with the sales office before you commit.
Features & amenities
- Rooftop pool
- Yoga studio
- Co-working space
- Heritage Distillery District setting with cobblestone pedestrian lanes
- Waterfront trail access
- Ontario Line planned nearby
- Retail, galleries and restaurants at grade in the surrounding district
Jatin’s honest read on The Goode
Who this suits
End users who actually want the Distillery. This is a genuinely distinctive neighbourhood — pedestrianised Victorian industrial streets, galleries, restaurants and the Christmas market — and very little new stock comes to it. If the location is the reason you are buying, that is a defensible reason.
Buyers wanting a two or three-bedroom downtown. Family-sized suites are scarce in the core, and scarcity is what differentiates a unit at resale.
What to watch
The Ontario Line is planned, not open. It would materially improve this address. Do not pay for it today — buy on what the location is worth now and treat the line as free option value if it arrives on schedule.
540 units register at once. When a building this size completes, a large number of near-identical suites hit the resale and rental market in the same quarter. Studios and one-bedrooms feel that hardest.
Budget the occupancy period. You will pay the builder monthly between move-in and registration, and none of it reduces your mortgage.
The value question
The honest frame: you are paying for a location that cannot be reproduced, in a market where GTA condo values are down roughly 4.5% year over year and pre-construction units frequently appraise below contract price at closing.
That combination is fine if you can carry it, close it and hold it for a long time. It is not fine if your plan is to assign before closing — that strategy is not working in this market. Buy the Distillery because you want the Distillery, on a long horizon, and negotiate hard on capped development levies and a free assignment clause while builders are still granting them.
33 Parliament Street, Distillery District, Toronto
The Distillery District is a pedestrian-only Victorian industrial precinct — the best-preserved collection of its kind in North America — now given over to galleries, independent shops, restaurants and year-round events including the Christmas market.
Getting around: the 504 King and 514 streetcar routes serve the area, the Gardiner and DVP are close, and the waterfront trail network runs south of the site. The Ontario Line is planned to serve this part of downtown, which would be the single biggest change to the address.
Nearby: Corktown Common, the Canary District, St Lawrence Market and the East Bayfront waterfront redevelopment are all within walking or short cycling distance.
The Goode questions
Who is building The Goode Condos?
Graywood Developments. The project is a 32-storey tower at 33 Parliament Street in Toronto’s Distillery District with 540 units ranging from studios to three-bedrooms, with occupancy in 2026. In a soft market, developer track record matters more than usual — a builder with the balance sheet to complete through a downturn is genuine risk reduction.
How many units are in The Goode?
540 units across 32 storeys, with suite types ranging from studios to three-bedrooms. That scale is worth factoring into a resale plan: when a building of this size registers, a large number of similar suites reach the resale and rental market in the same period, which affects studios and one-bedrooms most.
When is occupancy at The Goode Condos?
Occupancy is stated for 2026. Pre-construction occupancy dates move frequently, so treat any date as an estimate and never sign a lease elsewhere whose end date depends on it. Between move-in and condominium registration you will pay the builder monthly occupancy fees, which do not reduce your mortgage principal — budget roughly twelve months of them separately from your closing costs.
Will the Ontario Line serve the Distillery District?
The Ontario Line is planned to serve this part of downtown Toronto and would materially improve the address. However it is not open, and infrastructure timelines slip. The sound approach is to buy on what the location is worth today and treat the line as free option value if it is delivered — paying for it in advance transfers the entire delivery risk to you.
Is The Goode a good investment?
It depends on your horizon and whether you can carry it. GTA condo values are down roughly 4.5% year over year and pre-construction units frequently appraise below their contract price at closing, meaning the buyer funds the shortfall in cash because lenders fund against appraised value. Most Toronto condos are also not cash-flow positive at current rates. If you can carry, close and hold long term, a location as distinctive as the Distillery is defensible. If your plan is to assign before closing, that is not working in this market.
What should I negotiate when buying at The Goode?
Ask for capped development charges and levies, which otherwise land on you at closing with no ceiling and can run several thousand dollars or more. Ask for a free assignment clause so you keep an exit without a builder fee. Ask for an extended or reduced deposit structure and for the right to lease during occupancy if that matters to you. Builders are granting these concessions in the current market and were not in 2021.
Pre-construction information is provided for general reference. Prices, sizes, specifications, availability, incentives and occupancy dates are set by the builder and are subject to change without notice. This page is not a builder publication and Jatin Dua does not represent the developer. Renderings are artist’s concepts. Obtain independent legal advice on the agreement of purchase and sale within the statutory cooling-off period, and independent tax advice on HST rebate eligibility. E.&O.E. Jatin Dua is a Realtor with RE/MAX Quantum Realty.