Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# C13142498

365 King Street W, Toronto, ON M5V 1K1

Toronto C01, ON M5V 1K1

$19,900,000 Est. $84,521/mo · 20% down, 25-yr, 4.09%
20 × 118 ftLot
InvestmentType

About this property

Ideally positioned in the heart of Toronto's vibrant King West Entertainment District. Offered for the first time, this rare multi-level commercial opportunity presents approximately 14,000 square feet of space across seven levels, delivering exceptional flexibility for investors, end-users, and developers alike. Property Breakdown(AS PER LANDLORD): Basement: Currently leased to a successful cannabis retail operation, providing immediate income Main Floor: Commercial zoning; previously operated as a restaurant with strong street presence*2nd Floor: Zoned residential and is About 2400 square feet gross floor area.*3rd Floor: Zoned office Space and is About 2400 square feet gross floor area*4th Floor: Zoned residential and is About 2400 square feet gross floor area.*5th Floor: Zoned office Space and is About 2400 square feet gross floor area.*6th Floor: Zoned office Space and is About 2550 square feet gross floor area.*7th Floor: Under construction Elevator extension from main floor (as is)(Zoned commercial with a variety of potential uses (buyer to verify permitted uses)The building features an existing elevator shaft servicing from the main floor up to the fourth floor, offering added convenience and future upgrade potential. Investment & Development Highlights: Positioned in one of Toronto's most sought-after commercial corridors, this property benefits from outstanding visibility, high pedestrian traffic, and premium signage exposure along King Street West. The versatile layout supports a wide range of uses including hospitality, retail, office, studio, or mixed-use concepts. Significant redevelopment and value-add potential exists (buyer to complete their own due diligence), making this an ideal acquisition for those looking to capitalize on the continued growth and demand in the King West area. An exceptional opportunity tosecure a landmark property in a premier downtown location.Building is being Sold in "As Is, Where Is" Condition - VIRTUALLY ENHANCED PHOTOS

Property Summary

Property TypeInvestment
Community NameWaterfront Communities C1
Land Size20.2 x 117.62 ft
Annual Property Taxes$76,993.00
Tax Year2025
Parking TypeNone Garage

Building details

Bathrooms / washrooms0
Property typeInvestment

Lot & land

Lot dimensions20 × 118 ft
Lot frontage20 ft
Lot depth118 ft

Interior Features

InclusionsMAIN FLOOR: Licensed For 105 People. Includes Existing Bar Sink,3 Beer Fridges,4 BeerTaps, Stools, Tables, Chairs &Kitchen Equipment All In As Is, Where Is Condition.
ExclusionsCANNIBIS STORE IN OPERATION IN BASEMENT UNIT LEASE IN PLACE

Building Features

StyleInvestment
Fire ProtectionYes

Heating & Cooling

CoolingYes
Heating TypeGas Forced Air Closed

Utilities

Utility SewerSanitary+Storm Available

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$76,993 (2025)

Listing history

On market sinceMay 19, 2026

Location

Toronto C01, ON M5V 1K1
Listed by UNITED REALTY GROUP LTD., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
365 King Street W, Toronto, ON M5V 1K1