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398 King St E 715 SF of Retail Space Available in Toronto, ON M5A 1K9
Highlights
- Prime King Street East location in Toronto’s historic Corktown neighbourhood
- Excellent street frontage, visibility and exposure along King Street East
- Suitable for investors, entrepreneurs and owner-users
- Steps from the Distillery District and minutes from St. Lawrence Market
- Mixed-use commercial property offering multiple ownership and investment strategies
- Surrounded by significant residential density, new condominium development, restaurants, retail and neighbourhood amenities
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 715 SF | 1-5 Years | $54.80 USD/SF/YR $4.57 USD/SF/MO $39,185 USD/YR $3,265 USD/MO | Modified Gross |
1st Floor
Position your business in the heart of one of Downtown Toronto's most dynamic and rapidly evolving neighbourhoods. Prominently located near the high-traffic intersection of King Street East and Parliament Street in Corktown, 398 King Street East offers exceptional street presence, visibility and accessibility in a thriving mixed-use commercial district.Situated just north of the Distillery District and surrounded by established residential communities, new development, restaurants, retail and neighbourhood amenities, the property benefits from a strong and growing customer base. Continued investment and intensification throughout the King East corridor, together with proximity to future rapid transit infrastructure, further enhances the long-term appeal of this sought-after location.The space is particularly well suited to hair, beauty and wellness-oriented businesses, including hair salons, nail studios, beauty boutiques, skincare concepts and related personal-care uses. An existing medical aesthetics business located within the property provides the opportunity to create a complementary beauty and wellness destination, offering potential cross-traffic and natural synergy between businesses.An excellent opportunity for an operator looking to establish or expand their brand in a highly visible Downtown Toronto location where strong demographics, neighbourhood growth and accessibility come together.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Basement
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 398 King St E, Toronto, ON M5A 1K9
- Tenant
- Description
- CAN Locations
- Reach
- Have a Nice Day Pilates
- Fitness
- 1
- Local
| Tenant | Description | CAN Locations | Reach |
| Have a Nice Day Pilates | Fitness | 1 | Local |
Property Facts
| Total Space Available | 715 SF | Gross Leasable Area | 2,046 SF |
| Property Type | Retail | Year Built | 1968 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 715 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,046 SF |
| Year Built | 1968 |
About the Property
The surrounding area has experienced significant condominium development and ongoing investment, contributing to a growing local customer and resident base. Future transit improvements, including the Ontario Line's Distillery District Station currently under development nearby, are expected to enhance connectivity throughout the eastern downtown core. The property's location places it at the convergence of several active neighbourhoods, including Corktown, Moss Park, and the Distillery District, providing access to employment centres, retail services, restaurants, entertainment venues, and public transit.
Nearby Major Retailers
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398 King St E
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