398 King St E

LocationMoss Park, M5A 1K9
$1.7M For Sale
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Description

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.

Features

  • Business Type
    Category: Health & Beauty Related
  • Commercial Total Area
    Total Area: 2,045 sqft
  • Commercial Office Area
    Office Area: 1,330 sqft
  • Commercial Retail Area
    Retail Area: 715 sqft
  • Commercial Parking Types
    Parking Types: None

Details

  • Commercial Zoning
    Zoning: Central Business District Commercial
  • Tax Amount
    Tax: $ 14,808
  • Alcohol Allowed
    Alcohol Allowed: N
  • MLS
    C13696198
  • Listing contracted with: KAIZEN CAPITAL REALTY PARTNERS

Transit Accessibility

King Subway Station (1.4km)
Union Go Train Station (1.8km)

Location



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