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New · Listed Aug 20, 2026 · 70 days on market

398 King Street E, Toronto, ON M5A 1K9

$1,699,999

Commercial · Store W Apt/Office · 2045 sq ft · For Sale

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 summary

TypeCommercial
SubtypeStore W Apt/Office
Building area2045 Square Feet
Lot size16.14 × 53.25 ft
Taxes$14,808 / yr
GarageNone
PossessionFlexible
OccupantPartial
Property
Lot width16.14
Lot depth53.25
Power & Services
Heating typeGas Forced Air Open
UtilitiesYes
Zoning & Taxes
Taxes / yr$14,808
Tax year2025
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Data provided by TRREB. Listed by KAIZEN CAPITAL REALTY PARTNERS.

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