615 King Street W

Waterfront Communities C1, Toronto, M5V 1M5

$115,000

Reduced $60,000 from $175,000

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Listed 137 days ago · MLS® C13250188

About this home

Prime King West investment/owner-operator opportunity! Rare 2-storey retail space in the heart of the Entertainment District with two fully licensed businesses under one address, a cannabis dispensary and a vape shop, each with its own entrance. Approx. 600 sq ft per level (about 1,200 sq ft total). Surrounded by condos, offices, restaurants and nightlife on high-traffic King St W, bringing strong walk-in traffic all day and evening. Turnkey operation with transferable licenses (buyer to verify) and room to grow or rebrand. Ideal for an operator wanting multiple revenue streams from one location or an investor looking for cash flow.

Details

Type
Sale Of Business
Lot
15.42 × 93.6 ft
Garage
None
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

More

Possession
Immediate
Cross street
King st. /Portland St./Bathurst St./Spadina Ave.

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

  • 🚇 St. Andrew Subway1.4 km
  • 🚇 Osgoode Subway1.4 km
  • 🚆 Toronto Union Station GO1.7 km

Within a 10-minute walk: 18 grocery stores, 284 cafés and restaurants, 22 parks, 17 pharmacies. Nearest grocery: Kitchen Table (250 m). Nearest park: Adelaide Place Parkette (100 m).

Schools nearby

Elementary

  • ALPHA Alternative Junior School5 min walk
  • St. Mary Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 38%
    5 min walk
  • Niagara Street Junior Public School
    EQAO: Gr 6 reading 100%, math 84%
    9 min walk
  • Jean Lumb Public School
    EQAO: Gr 6 reading 93%, math 65%
    11 min walk

Secondary

  • Oasis Alternative Secondary School5 min walk
  • Downtown Vocal Music Academy of Toronto Private12 min walk
  • City School
    EQAO: literacy test 58%
    15 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 M5V

Owners / renters
42% / 58%
Median household income
$91,000
Average age
35
Children under 15
6%
Homes
0% detached, 97% high-rise
Commute by transit
23%
Population
59,912

Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.

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 Wellington Place (2025): 31% above the Toronto average, down 8% from the year before.

  • Assault52% above average
  • Break and enter55% above average
  • Auto theft57% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings30% 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 37 active

  • 689 KING ST W · 200 m
    Official Plan / Zoning By-law Amendment · Application Received · applied 2026
    Proposed 30-storey mixed-use development, comprised of hotel uses on the first 13-storeys, including a restaurant and 251 hotel suites, and residential uses…
    Application details
  • 150 QUEENS WHARF RD · 300 m
    Site Plan · Application Received · applied 2026
    The 2025 Proposal is a 37-storey tower with a total of 268 units and ~350m2 of ground floor non-residential GFA. Of the 268 units, over 50% of the units are…
    Application details
  • 539 KING ST W · 200 m
    Plan of Condominium · Under Review · applied 2025
    Draft Plan of Standard Condominium for 439 units.
    Application details
  • 451 ADELAIDE ST W · 250 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2025
    Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
    Application details
  • 71 PORTLAND ST · 100 m
    Site Plan · Under Review · applied 2024
    Proposed mixed-use building containing 1,058 units, 23-storey and 27-storey towers atop a nine-storey base building.
    Application details
  • 71 PORTLAND ST · 100 m
    Site Plan · Under Review · applied 2024
    Proposed 40-storey, 123 metre, mixed-use building containing 413 residential units.
    Application details

46 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

  • 🚧 King West GO Transit100 m
  • 🚧 Chinatown 650 m
  • 🚧 Osgoode 1.4 km

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 CRE

Commercial Residential Employment (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: Heritage Conservation District (Part V) (2024). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Multiple Projects · 2020 · Closed
    Interior alteration of the ground floor dwelling unit for a restaurant. interior partitioning, kitchen exhaust, make up air and AC system…

7 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

69 City street trees within 100 m. That’s more 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 HOMELIFE LANDMARK REALTY INC..

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

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