398 King Street E, Toronto, ON M5A 1K9
Moss Park, Toronto · Near Parliament Street & King Street East · View map
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.
The home
- Type
- Store w apt / office
- Square footage
- 2045 sq ft
- Lot size
- 16.1 x 53.3 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $14,808/yr
- Tax year
- 2025
- Occupancy
- Partial
- Possession
- Flexible
- Cross street
- Parliament Street & King Street East
- Neighbourhood
- Moss Park
More
- MLS® number
- C13696196
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
398 King Street, Toronto, ON M5A 1K9
Moss Park, Toronto · Near Parliament Street & King Street East
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Listing history for 398 King Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 398 King Street E
Answers come straight from this home’s MLS® listing.
How much is 398 King Street E listed for, and what would it cost each month?
398 King Street E is listed for $1,699,999. With 20% down ($340,000), the mortgage payment would be roughly $6,857 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,091 a month, all in. That figure is an illustration, not a quote.
Is 398 King Street E freehold or a condo, and is there a monthly fee?
398 King Street E is a store w apt / office in Moss Park, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 398 King Street E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 398 King Street E?
398 King Street E is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 398 King Street E, and what is the lot size?
The lot is listed as 16.1 x 53.3 ft.
How is 398 King Street E heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 398 King Street E?
Property taxes are $14,808 a year (2025), or about $1,234 a month.
Where is 398 King Street E?
398 King Street E is in the Moss Park community of Toronto. The nearest main intersection is Parliament Street & King Street East. The postal code is M5A 1K9.
Is 398 King Street E still for sale?
Yes. It is an active listing (MLS® C13696196). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 398 King Street E asking?
Similar properties for sale nearby right now include 398 King Street E at $1,699,999, 106-108 King Street at $1,888,889 and 239A Milan Street at $1,750,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 398 King Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 398 King Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Moss Park, picked by style, size and price.
Commercial retail$1,699,999398 King Street E, TorontoMoss ParkCourtesy of: KAIZEN CAPITAL REALTY PARTNERSView home →
Store w apt / office$1,888,889106-108 King Street, TorontoWestonCourtesy of: ROYAL TEAM REALTY INC.View home →
Land$1,750,000239A Milan Street, TorontoMoss ParkCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.View home →Courtesy of: KAIZEN CAPITAL REALTY PARTNERS
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.