510 King Street E 6
Moss Park, Toronto, M5A 1M1
$399,900
Listed 11 days ago · MLS® C13881630
About this home
Prime turnkey investment in Corktown! Rare opportunity to acquire "Ranik Market," a thriving and highly profitable convenience store commandingly positioned at the high-traffic corner of King St E & River St. Positioned at the base of a dense residential corridor surrounded by multiple high-density condo developments, this business commands massive built-in foot traffic and an exceptionally loyal local following. Featuring a clean, modern layout with high-visibility street exposure, this fully turn-key operation is staffed by an experienced, dependable team for an effortless transition. Beyond core convenience, the store boasts diverse, high-margin revenue streams including top-tier cigarette and alcohol sales, balloon and custom gift hampers, on-site key cutting and fob copying, plus hot grab-and-go patties and warm foods. There is an imminent, game-changing upside opportunity set to significantly expand alcohol volumeSecure, favorable lease terms already in place. Do not miss this gold-mine opportunity in a high-demand downtown location!
Details
- Type
- Sale Of Business
- Garage
- None
- Property tax
- $12 (2025)
- Neighbourhood
- Moss Park
- Municipality
- Toronto C08
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Utilities
- Available
Building and exterior
- Building area
- 1,113 Square Feet
More
- Possession
- Flexible
- Cross street
- King St E x River St
- Business type
- Convenience/Variety
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
- 🚇 Queen Subway1.8 km
- 🚇 King Subway1.9 km
- 🚆 Toronto Union Station GO2.3 km
Within a 10-minute walk: 6 grocery stores, 80 cafés and restaurants, 21 parks, 9 pharmacies. Nearest grocery: Marché Leo’s (400 m). Nearest park: Percy Park (150 m).
Schools nearby
Elementary
- St. Paul Catholic School Catholic
EQAO: Gr 6 reading 87%, math 50%6 min walk - Nelson Mandela Park Public School
EQAO: Gr 6 reading 76%, math 17%6 min walk - Lord Dufferin Junior and Senior Public School
EQAO: Gr 6 reading 80%, math 30%14 min walk - Market Lane Junior and Senior Public School
EQAO: Gr 6 reading 94%, math 50%15 min walk
Secondary
- Inglenook Community School
EQAO: literacy test 50%5 min walk - SEED Alternative School13 min walk
- Queen Alexandra Middle School13 min walk
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 18 active
-
7 LABATT AVE · 350 mOfficial Plan / Zoning By-law Amendment · Application Received · applied 2026Proposed 46-storey residential building and a 2-storey non-residential building. Overall, the buildings contain a total of 1,170 dwelling units, 72,748.1 sq. m…Application details
-
1 SUMACH ST · 200 mOfficial Plan / Zoning By-law Amendment · Application Received · applied 2026Lift the (H)
-
4 GILEAD PL · 450 mSite Plan · Application Received · applied 2026Site Plan Approval for a 20-storey purpose built rental residential building, containing 297 dwelling units.
-
4 GILEAD PL · 450 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
-
1 SUMACH ST · 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
-
2 MARK ST · 500 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2025Official Plan and Zoning By-law Amendment application for a mixed-use development comprised of two 48-storey towers containing approximately 1,197 residential…Application details
18 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 750 m
- 🚧 East Harbour Ontario Line750 m · opening early 2030s
- 🚧 Leslieville Ontario Line1000 m · opening early 2030s
Stations under construction or approved. Opening dates are the latest public estimates and often move.
Noise 2 sources nearby
- 🛣️ Don Valley Parkway350 m
- 🚆 Rail line (GO Transit - Bala Subdivision)250 m
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.
Building permits
- Interior Alterations · 2026 · Permit IssuedInterior alterations to an existing dental office.
- Interior Alterations · 2016 · ClosedInterior alterations due to partial commercial retail unit fit-out.
- Interior Alterations · 2016 · ClosedProposal for interior demolition to Retail Unit A on the ground floor of existing mixed-use building. This permit is both for interior…
- Interior Alterations · 2014 · ClosedProposed renovations to unit 159 (93.38m2) for the Wine Rack.
3 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
40 City street trees within 100 m, mostly honeys. That’s about 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 CENTURY 21 ATRIA REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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