← All listings

For Sale

398 King Street E, Toronto, ON M5A 1K9

$1,699,999

  • Commercial Retail
  • MLS® C13696198

Listing Brokerage: KAIZEN CAPITAL REALTY PARTNERS

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.

Property details

MLS® number
C13696198
Transaction
For Sale
Property type
Commercial
Style / use
Commercial Retail
Community
Moss Park
City
Toronto C08
Building area
2045 Square Feet
Lot width
16.14 Feet
Lot depth
53.25 Feet
Heating
Gas Forced Air Open
Cooling
Yes
Garage
None
Taxes
$14,808.46
Tax year
2025
Business type
Health & Beauty Related
Office area
1330
Retail area
715
Listing brokerage
KAIZEN CAPITAL REALTY PARTNERS

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing information is deemed reliable but is not guaranteed accurate by PROPTX. Listings shown are a selection of properties from the IDX data feed and do not represent all MLS® listings. Data last updated October 19, 2026 at 6:56 am.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® is a trademark controlled by CREA.

Request Free Evaluation