Address
398 King Street E, Toronto, ON
Price
$ 1,699,999
Property Attributes
  • ID#C13696196
  • TypeCommercial
  • Listing Status New
  • CityToronto
  • AreaMoss Park
  • NeighbourhoodMoss Park
  • Postal CodeM5A 1K9
  • StyleStore W Apt/Office
  • Taxes$ 14808
  • Price$ 1,699,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2045
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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.

Price History
8/20/2026 Listed $1,699,999

General Features

Cooling Yes
Utilities Yes
Security Features No
Heater Type Gas Forced Air Open
Property Subtype Store W Apt/Office
Tax Year 2025
Lot Depth 53.25
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Toronto C08
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 14808.46
Building Area Units Square Feet
Standard Status Active
Occupancy Type Partial

Interior Features

Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Spa No
Building Area Total 2045.0
Lot Size Source MPAC
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M5A 1K9

Price
AVG $1.7M
$1.7M
Taxes
AVG $14,808
$14,808
Visits
AVG 52
46
Data Provided by Inside Real Estate®