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  1. Parksy
  2. Transport Parking
  3. Canada
  4. Ontario
  5. Financial District
  6. Union Station

Parking Near Union Station, Financial District

Transport Parking · Financial District, Ontario · Union Station
Published 16 Sep 2026 · 4 min read · Reviewed by the Parksy Editorial Team
140 Bay Street
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Where Can I Park for Union Station?

Drivers need to arrange parking away from the station itself, with nearby public garages identified as the parking option. The closest listed space is a secure monthly spot at Royal Bank Plaza, 90 m away, priced at $399.94 a month. For a shorter visit, 1 Piper Street is 130 m away and costs $11.24 an hour.

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Address
140 Bay Street
Closest listed space
Secure Parking Spot at Royal Bank Plaza, Toronto, 90 m (2 min walk)
Nearest station
Toronto Union Station (1873), 290 m (4 min walk)

Parking Near Financial District

Secure Parking Spot at Royal Bank Plaza, Toronto $399.94/mo 90 m Convenient 1 Piper Street Parking in Toronto's Harborfront $3.00/hr 130 m Prime Commercial Garage Parking in Downtown Toronto $17.00/hr 140 m Secure Parking at Royal Bank Plaza - Downtown Toronto $9.49/hr 150 m Secure Parking at 95 Wellington St W, Downtown Toronto $11.24/hr 160 m Convenient Parking at 75 Wellington St W, Toronto $9.49/hr 170 m

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Union Station, with private parking spaces bookable nearby on Parksy. Union Station, with private parking spaces bookable nearby on Parksy. Photo: Pexels

Planning a Commuter Trip to the Station

Drivers using the station need to arrange parking away from the station itself, because the station FAQ identifies nearby public garages as the parking option (torontounion.ca). A reserved space can be useful when arriving for a fixed train or work start, particularly when walking from a nearby garage is preferable to searching at the curb.

GO stations elsewhere offer free customer parking on a first-come, first-served basis, with free overnight parking limited to 48 consecutive hours (gotransit.com).

Street Parking Near 140 Bay Street

A public parking garage is the more clearly supported choice for a longer commuter stay, because the station’s own FAQ points drivers toward garages close to the station rather than parking at the station itself (torontounion.ca).

Drivers who choose a curb space around the station need to follow the posted restriction, payment and time-limit signs for the exact block. No council or transport-source rule for a specific curb, resident zone or enforcement period is included here, so a street space should not be treated as a guaranteed commuter option.

Parksy Spaces Close to Union Station

The closest listed option is a secure monthly space at Royal Bank Plaza, 90 m away, priced at $399.94 a month. It suits a regular commuter who needs a dedicated space near the station. A parking space at 1 Piper Street is 130 m away and costs $11.24 an hour, making it a practical choice for a shorter visit.

A commercial garage 140 m away costs $17 an hour, while another secure Royal Bank Plaza space 150 m away costs $9.49 an hour. Spaces at 95 Wellington St W, 160 m away, and 75 Wellington St W, 170 m away, both cost $11.24 an hour and $9.49 an hour respectively. These options cover monthly, hourly, secure and garage parking within a short walk.

Rail and Airport Connections From the Station

Toronto Union Station, opened in 1873, is the nearest named station, 290 m away and a 4-minute walk from the station. The location is also 330 m from the centre of the nearby Financial District, placing the station within a compact central walking area.

Drivers considering a park-and-ride alternative can use Pearson Airport and travel on the Union Pearson Express to Union Station. The airport offer costs $45 for a family on weekdays (torontopearson.com). This suits a group travelling from the airport area rather than a driver needing a central daily parking space.

Sources

  • Union Station website
  • Ontario transportation ministry
  • Transport Canada road transportation
  • Government of Canada driving
  • Free Parking at GO Stations
  • FAQs
  • Park and ride

* Please note: parking prices, time limits and fine amounts change frequently and vary by operator, council and local authority. Everything on this page is indicative and provided on a best-endeavours basis. Always check the sign, the operator or the issuing authority before you rely on a figure.

Frequently Asked Questions

Where Can I Park for Union Station?

Drivers need to arrange parking away from the station itself, with nearby public garages identified as the parking option. The closest listed space is a secure monthly spot at Royal Bank Plaza, 90 m away, priced at $399.94 a month. For a shorter visit, 1 Piper Street is 130 m away and costs $11.24 an hour.

Is There Parking at Union Station Itself?

The station FAQ identifies nearby public garages as the parking option, so drivers should arrange parking away from the station itself. A public garage is the more clearly supported choice for a longer commuter stay. Drivers choosing a curb space must follow the posted restriction, payment and time-limit signs for the exact block.

What Is the Closest Parking Space to Union Station?

The closest listed option is a secure monthly space at Royal Bank Plaza, 90 m away, priced at $399.94 a month. It suits a regular commuter who needs a dedicated space near the station. Other nearby options include 1 Piper Street at 130 m and a commercial garage at 140 m.

How Much Does Hourly Parking Near Union Station Cost?

A parking space at 1 Piper Street is 130 m away and costs $11.24 an hour. A commercial garage 140 m away costs $17 an hour, while another secure Royal Bank Plaza space 150 m away costs $9.49 an hour. Spaces at 95 Wellington St W and 75 Wellington St W also offer hourly parking.

Can I Use Street Parking Near Union Station for a Long Commute?

A public parking garage is the more clearly supported choice for a longer commuter stay. Drivers who choose a curb space around the station need to follow the posted restriction, payment and time-limit signs for the exact block. A street space should not be treated as a guaranteed commuter option.

Can I Park at Pearson Airport and Take the Train to Union Station?

Drivers considering a park-and-ride alternative can use Pearson Airport and travel on the Union Pearson Express to Union Station. The airport offer costs $45 for a family on weekdays. This suits a group travelling from the airport area rather than a driver needing a central daily parking space.

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