398 King Street E
Moss Park, Toronto, M5A 1K9
$1,699,999
Listed 61 days ago · MLS® C13696198
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
- Commercial Retail
- 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
- Business type
- Health & Beauty Related
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 mOfficial Plan / Zoning By-law Amendment · Application Received · applied 2026Lift the (H)
-
281 FRONT ST E · 300 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026Application 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 mSite Plan · Application Received · applied 2026Site Plan Approval for a 20-storey purpose built rental residential building, containing 297 dwelling units.
-
4 GILEAD PL · 50 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2026The 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 mSite Plan · Under Review · applied 2025Site 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 mSite Plan · OMB Appeal · applied 2023Site 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.
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.
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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