398 King Street E

Moss Park, Toronto, M5A 1K9

$1,699,999

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Listed 60 days ago · MLS® C13696196

About this home

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.

Details

Type
Store W Apt/Office
Lot
16.14 × 53.25 ft
Garage
None
Property tax
$14,808 (2025)
Neighbourhood
Moss Park
Municipality
Toronto C08

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
2,045 Square Feet

More

Possession
Flexible
Cross street
Parliament Street & King Street East

History of this address

5 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 King Subway1.5 km
  • 🚇 Queen Subway1.5 km
  • 🚆 Toronto Union Station GO1.9 km

Within a 10-minute walk: 7 grocery stores, 88 cafés and restaurants, 22 parks, 12 pharmacies. Nearest grocery: Marché Leo’s (450 m). Nearest park: Sackville Playground (50 m).

Schools nearby

Elementary

  • St. Paul Catholic School Catholic
    EQAO: Gr 6 reading 87%, math 50%
    3 min walk
  • Nelson Mandela Park Public School
    EQAO: Gr 6 reading 76%, math 17%
    8 min walk
  • Market Lane Junior and Senior Public School
    EQAO: Gr 6 reading 94%, math 50%
    8 min walk
  • Lord Dufferin Junior and Senior Public School
    EQAO: Gr 6 reading 80%, math 30%
    13 min walk

Secondary

  • Inglenook Community School
    EQAO: literacy test 50%
    2 min walk
  • SEED Alternative School1.2 km
  • Queen Alexandra Middle School1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5A

Owners / renters
35% / 65%
Median household income
$71,000
Average age
40
Children under 15
9%
Homes
0% detached, 78% high-rise
Commute by transit
28%
Population
48,978

Languages spoken most at home besides English: Bengali 1.8%, Mandarin 1.7%, Yue (Cantonese) 1.5%, Spanish 1.3%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Moss Park (2025): 119% above the Toronto average, about the same from the year before.

  • Assault190% above average
  • Break and enter85% above average
  • Auto theft64% below average
  • Robbery112% above average
  • Theft from vehicles30% above average
  • Shootings58% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 22 active

  • 1 SUMACH ST · 250 m
    Official Plan / Zoning By-law Amendment · Application Received · applied 2026
    Lift the (H)
  • 281 FRONT ST E · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Application to permit two residential towers (54 and 50 storeys) with 1,065 dwelling units and 643 square metres of retail space on the ground floor.
    Application details
  • 4 GILEAD PL · 50 m
    Site Plan · Application Received · applied 2026
    Site Plan Approval for a 20-storey purpose built rental residential building, containing 297 dwelling units.
  • 4 GILEAD PL · 50 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2026
    The application proposes to amend the Official Plan and Zoning By-law to permit a 20 storey residential building containing 297 residential dwelling units.
    Application details
  • 90 EASTERN AVE · 200 m
    Site Plan · Under Review · applied 2025
    Site Plan Control Application to facilitate the development of the site with two mixed use buildings: 59 and 55 storeys, containing 1,284 dwelling units and…
    Application details
  • 126 PARLIAMENT ST · 250 m
    Site Plan · OMB Appeal · applied 2023
    Site Plan Application for a 46 storey (156.3 metres including mechanical penthouse) mixed-use building with 419 dwelling units and 328 square metres of…
    Application details

27 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Distillery District 350 m
  • 🚧 Moss Park 800 m
  • 🚧 East Harbour Ontario Line1.1 km · opening early 2030s

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Listed

This address is on Toronto’s Heritage Register: Listed. The City must get 60 days’ notice before demolition, and it can move to designate the property.

Heritage Register entry

Building permits

No building permits at this address since 2014.

1 permit on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

27 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by KAIZEN CAPITAL REALTY PARTNERS.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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