398 King Street E, Toronto, ON M5A 1K9
Toronto C08, ON, M5A 1K9 · Moss Park
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 | Commercial Retail |
| 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