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398 King Street E, Toronto, ON M5A 1K9

Toronto C08, ON, M5A 1K9 · Moss Park

— Sq Ft
Store W Apt/Office Type
C13696196 MLS#

About this property

A rare opportunity to acquire a prominent mixed-use commercial property along King Street East in the heart of Toronto's historic Corktown neighbourhood. Strategically positioned near King and Parliament, the property sits at the convergence of Corktown, the Distillery District, St. Lawrence Market and Toronto's rapidly evolving eastern downtown core.The property offers excellent exposure along one of the city's most recognizable east-west corridors, surrounded by established residential neighbourhoods, ongoing condominium development, restaurants, retail, employment and some of Toronto's most popular cultural destinations.Adding to its long-term investment appeal is the future Distillery District Station on the Ontario Line, currently under construction nearby at King Street East and Berkeley Street. The surrounding area is planned for significant transit-oriented intensification, bringing thousands of additional residents, improved transit connectivity and increased pedestrian activity to an already dynamic neighbourhood.With strong street presence, commercial income potential and flexibility for a variety of ownership strategies, the property presents an attractive opportunity for an investor, entrepreneur or owner-user seeking a foothold in Downtown Toronto.Character commercial properties of this scale and location are increasingly difficult to acquire. Whether positioned as a long-term income-producing investment, an owner-occupied business location or an asset benefiting from continued neighbourhood growth and major transit investment, this is a compelling opportunity to invest in one of Downtown Toronto's most strategically located and evolving districts.

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Gas Forced Air Open

Property Details

Property Type Commercial
Property Sub-Type Store W Apt/Office
Garage None
Heat Type Gas Forced Air Open
Cooling Yes
Annual Tax $14,808
Tax Year 2025

Building & Construction

Building Area Total
2045

Heating & Cooling

Heat Type
Gas Forced Air Open
Cooling
Yes

Parking & Garage

Garage Type
None

Lot & Land

Lot Size Units
Feet
Lot Depth
53.25
Lot Width
16.14

Financial & Tax

Tax Annual Amount
$14,808
Tax Year
2025
Possession Type
Flexible

Utilities & Services

Utilities
Yes

Additional Details

Occupant Type
Partial
County Or Parish
Toronto
Cross Street
Parliament Street & King Street East
Directions
Parliament Street & King Street East
Showing Requirements
Lockbox

Location

398 King Street E, Toronto, ON M5A 1K9, Toronto C08, ON, M5A 1K9

Listing courtesy of KAIZEN CAPITAL REALTY PARTNERS
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