398 King Street E, Toronto, ON M5A 1K9
Toronto, ON M5A 1K9
Quick cost estimateKnown monthly subtotal$9,143.86 / monthLand transfer tax $60,949.96One-time estimate
Quick cost estimate
$9,143.86 / monthKnown monthly subtotal
- Mortgage principal & interest
- $7,909.82
- Property tax / month
- $1,234.04
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $60,949.96
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal tax is included because the listing is located in the City of Toronto.
- Ontario tax
- $30,474.98
- Toronto municipal tax
- $30,474.98
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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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.
Home details
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- C13696198
- Source status
- New
- Postal code
- M5A 1K9
- Building area (total)
- 2,045 sq ft
- Lot depth
- 53.25 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Partial
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 14808.46
- Heating system
- Gas Forced Air Open
- Cooling
- Yes
- Utility services
- Yes
- MLS entry age (not confirmed DOM)
- 80 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Yes
- Heating system
- Gas Forced Air Open
- Cooling
- Yes
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
Room-count details have not been supplied for this listing.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $1,699,999
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Estimate monthly costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- Toronto
- Municipality
- TORONTO
- MLS® community
- Moss Park
- Municipal neighbourhood
- Moss Park
- MLS® district
- Toronto C08
Plan a trip from this home
Check a route from this property to work, school or another destination. Google Maps provides the current estimate when opened; traffic and departure time affect results.
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
Filter the records displayed below.
Nearby publicly funded schools
Within 5 km · approximate straight-line distances, not walking routes or attendance eligibility.
School year 2024-2025 · Preliminary · publisher extract 2026-09-14.
Inglenook Community School ↗
Secondary · 9-12 · English · Public
19 Sackville St, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 10 OSSLT (first-attempt pass)
- 50%
St Paul Catholic School ↗
Elementary · JK-8 · English · Catholic
80 Sackville St, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 50%
- Grade 3 Writing (at provincial standard)
- 50%
- Grade 3 Mathematics (at provincial standard)
- 58%
- Grade 6 Reading (at provincial standard)
- 87%
- Grade 6 Writing (at provincial standard)
- 80%
- Grade 6 Mathematics (at provincial standard)
- 50%
Nelson Mandela Park Public School ↗
Elementary · JK-8 · English · Public
440 Shuter St, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 50%
- Grade 3 Writing (at provincial standard)
- 38%
- Grade 3 Mathematics (at provincial standard)
- 26%
- Grade 6 Reading (at provincial standard)
- 76%
- Grade 6 Writing (at provincial standard)
- 76%
- Grade 6 Mathematics (at provincial standard)
- 17%
Market Lane Junior and Senior Public School ↗
Elementary · JK-8 · English · Public
246 The Esplanade, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 83%
- Grade 3 Writing (at provincial standard)
- 64%
- Grade 3 Mathematics (at provincial standard)
- 59%
- Grade 6 Reading (at provincial standard)
- 94%
- Grade 6 Writing (at provincial standard)
- 91%
- Grade 6 Mathematics (at provincial standard)
- 50%
Lord Dufferin Junior and Senior Public School ↗
Elementary · JK-8 · English · Public
350 Parliament St, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 50%
- Grade 3 Writing (at provincial standard)
- 44%
- Grade 3 Mathematics (at provincial standard)
- 47%
- Grade 6 Reading (at provincial standard)
- 80%
- Grade 6 Writing (at provincial standard)
- 77%
- Grade 6 Mathematics (at provincial standard)
- 30%
École élémentaire Gabrielle-Roy ↗
Elementary · JK-6 · French · Public
14 Pembroke rue, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
St Michael Catholic School ↗
Elementary · JK-8 · English · Catholic
50 George St S, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 75%
- Grade 3 Writing (at provincial standard)
- 75%
- Grade 3 Mathematics (at provincial standard)
- 60%
- Grade 6 Reading (at provincial standard)
- 83%
- Grade 6 Writing (at provincial standard)
- 75%
- Grade 6 Mathematics (at provincial standard)
- 36%
Downtown Alternative School ↗
Elementary · JK-6 · English · Public
85 Lower Jarvis St, Toronto
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Confirm programs and attendance with the school board. Private schools and verified catchment boundaries are not included. Contains information licensed under the Open Government Licence – Ontario. Ministry source.
Filter the records displayed below.
Transit near this property
Published transit locations. Distances are straight-line estimates, not walking routes or travel times.
Rail & subway · within 5 km
- KingTTC · Subway1.5 km
- QueenTTC · Subway1.5 km
- TMUTTC · Subway1.6 km
- UnionTTC · Subway · Streetcar1.8 km
- Union Station GOGO Transit · Train1.9 km
Bus & streetcar · within 2 km
- King St East at Sackville StTTC · Streetcar63 m
- King St East at Sackville StTTC · Streetcar94 m
- King St East at Parliament StTTC · Streetcar203 m
- Parliament St at Adelaide St EastTTC · Bus215 m
- Parliament St at Richmond St EastTTC · Bus223 m
- Parliament St at King St EastTTC · Bus226 m
- Queen St East at Sackville StTTC · Streetcar229 m
- Parliament St at King St EastTTC · Bus232 m
Sources & service information
These are locations in published feeds, not live arrivals or confirmation of service at this moment. Station platforms are grouped only by the source parent-station relationship. Check the agency for schedules, disruptions, access and entrances. Coverage: TTC, GO Transit and UP Express only; other agencies are not yet connected.
- GO Transit source · feed 2026-10-28 to 2026-11-27 · checked 2026-11-02 14:57:59 UTC · Licence · Agency website
- TTC source · feed 2026-11-01 to 2026-12-19 · checked 2026-11-02 14:57:57 UTC · Licence · Agency website
Filter the records displayed below.
Nearby amenities
Mapped places within 2.0 km. Distances are straight-line estimates to map points or area centres.
Groceries
- 472 m
- 484 m
- 537 m
Pharmacies
- 367 m
- 468 m
- 477 m
Parks
- Sackville PlaygroundMapped area centre65 m
- Orphan's GreenMapped area centre66 m
- 40 Power Street ParkMapped area centre153 m
Fitness centres
- 430 m
- 566 m
- 656 m
Libraries
- 749 m
- Toronto Public Library - Parliament StreetMapped area centre1.0 km
- 1.2 km
Community centres
- Regent Park Community CentreMapped area centre450 m
- 497 m
- St. Lawrence Community Recreation CentreMapped area centre573 m
Cafés
- 27 m
- 260 m
- 360 m
Restaurants
- 30 m
- 63 m
- 121 m
Clinics
- 98 m
- 460 m
- 654 m
Hospitals
- St. Michael's HospitalMapped area centre1.3 km
- Hennick Bridgepoint HospitalMapped area centre1.5 km
Childcare
- 1.3 km
- 1.6 km
- 1.8 km
© OpenStreetMap contributors · ODbL · Download this open dataset
Coverage & map information
Map snapshot: 2026-11-02T15:25:06Z. This is a rectangular GTA-area extract with partial regional coverage. Data may be incomplete near its edges. Places and categories are community mapped; opening status, entrances and service availability are not verified. Matching point/area entries with the same name within 25 metres are paired for display using the point location; the downloadable dataset retains every original map record. Other duplicates may remain. No walking routes, travel times or walking score are inferred.
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Similar homes for sale in Moss Park, Toronto, Ontario
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
What do nearby school, transit and shop results mean?
They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
398 King Street E, Toronto, ON M5A 1K9, Toronto is listed for sale as a Commercial Retail. Asking price: $1,699,999. Occupancy is reported as Partial. MLS® C13696198.
The Ministry’s school dataset lists Inglenook Community School approximately 140 m from the property’s mapped location. The published TTC feed includes King, approximately 1.5 km away. OpenStreetMap shows nearby mapped places including Sackville Playground (65 m) and Marché Leo’s (472 m).
Local context
The Ministry’s school dataset lists Inglenook Community School approximately 140 m from the property’s mapped location.
The published TTC feed includes King, approximately 1.5 km away.
OpenStreetMap shows nearby mapped places including Sackville Playground (65 m) and Marché Leo’s (472 m).
Sources & distance notes
Distances are approximate straight-line estimates to mapped points or area centres. School proximity does not establish attendance eligibility. Published transit locations do not confirm service at this moment.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: KAIZEN CAPITAL REALTY PARTNERS. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® C13696198. Information deemed reliable but not guaranteed.