40 King Street W

Bay Street Corridor, Toronto, M5H 3Y2

$150,000

Photo 1 of 1

Listed 27 days ago · MLS® C13820174

About this home

GREAT OPPORTUNITY TO OWN one of Canada's Leading National Health Food Chain "Nutrition House" IN SCOTIA PLAZA AT YONGE AND KING ST W, Downtown Toronto. Includes an NH Direct ecommerce website, Area: 1137square feet. Royalties: 5% of Sales, Good Income. Gross Monthly Rent: $6,500 plus utilities plus 14% of sales in excess of $557,000 in year 1,Located in a thriving Business Community in the Heart of Toronto at the base of 3 integrated buildings and 2,000,000 square feet of combined office space Office tenants include Scotiabank, Pacific Life Insurance, and Northleaf Capital Partners, Part of the busy underground P.A.T.H. system that accommodated over 200,000 daily commuters. Great co-tenants including Oxygen Yoga Fitness, Winners, L'Attitudes, Aroma, Ninki Sushi, Thai Express, and Tim Hortons, Busy King Subway Station on-site.Term - 5 years plus an option for 5 years, Price Includes a newly renovated store. AVAILABILITY : JANUARY 2027

Details

Type
Sale Of Business
Garage
Underground
Neighbourhood
Bay Street Corridor
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

Building and exterior

Building area
1,137 Square Feet

More

Possession
TBA
Cross street
Yonge & King W
Business type
Drugstore/Pharmacy

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 Subway3 min walk
  • 🚇 Queen Subway6 min walk
  • 🚆 Toronto Union Station GO9 min walk

Within a 10-minute walk: 25 grocery stores, 499 cafés and restaurants, 23 parks, 26 pharmacies. Nearest grocery: Longo's (200 m). Nearest park: Arnell Plaza (100 m).

Schools nearby

Elementary

  • Saint Michael's Choir School Catholic11 min walk
  • Downtown Alternative School12 min walk
  • St. Michael Catholic School Catholic
    EQAO: Gr 6 reading 83%, math 36%
    13 min walk
  • École élémentaire Gabrielle-Roy French
    EQAO: Gr 6 reading 100%, math 88%
    16 min walk

Secondary

  • Contact Alternative School15 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    1.4 km
  • Subway Academy II Private1.5 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 M5H

Owners / renters
36% / 64%
Median household income
$90,000
Average age
35
Children under 15
6%
Homes
100% high-rise
Commute by transit
21%
Population
3,248

Languages spoken most at home besides English: Mandarin 5.2%, Yue (Cantonese) 1.7%, Spanish 1.4%, Korean 1.2%.

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 Yonge-Bay Corridor (2025): 247% above the Toronto average, about the same from the year before.

  • Assault338% above average
  • Break and enter191% above average
  • Auto theft28% below average
  • Robbery283% above average
  • Theft from vehicles90% above average
  • Shootings47% above 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

  • 69 YONGE ST · 150 m
    Site Plan · Application Received · applied 2026
  • 59 ADELAIDE ST E · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a new 63-storey mixed-use building, containing approximately 370 dwelling units.
    Application details
  • 1 FRONT ST W · 400 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a 2 tower mixed-use building (45 and 49 storeys) atop the historic Dominion Public Building. There are no…
    Application details
  • 60 YONGE ST · 200 m
    Site Plan · Under Review · applied 2025
    Proposed redevelopment of the 12-storey office building at 60 Yonge Street with a 65-storey mixed-use building that includes a 5-storey base building, topped…
    Application details
  • 59 RICHMOND ST E · 400 m
    Plan of Condominium · Draft Plan Approved · applied 2025
    Standard condominium application to create 592 residential units within a 48-storey mixed-use building. There will be 4 levels of below grade parking.
    Application details
  • 55 YONGE ST · 200 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2024
    Combined Official Plan & Zoning By-law Amendment for a 68-storey residential building with at-grade retail space and 836 residential dwelling units.
    Application details

23 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

Coming transit

  • 🚧 Queen 350 m
  • 🚧 Osgoode 600 m
  • 🚧 Moss Park 900 m

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 Protected

This address is on Toronto’s Heritage Register: Designated (Part IV) (2007). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Interior Alterations · 2026 · Revision Issued
    REVISION-01: removing electric strike and keeping existing maglocks on exit stair doorsProposed interior alterations to 17th and 18th floor
  • Sprinklers · 2026 · Permit Issued
    Proposal for sprinkler changes in relation to interior alterations
  • Electromagnetic Locks · 2026 · Closed
    Revision originally maglocks were to be replaced with electric strikes. Then the project decided to keep the existing maglocks in place. I…
  • Sprinklers · 2026 · Permit Issued
    Remove up to one hundred ninety (190) upright sprinkers.Relocate up to one (1) fire hose cabinet.Supply and install up to one (1) fire hose…
  • Interior Alterations · 2026 · Permit Issued
    Proposal for interior alterations to existing office space in Unit 2700.

90 permits 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

2 City street trees within 100 m. 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 ROYAL LEPAGE REAL ESTATE SERVICES LTD..

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

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