323 King Street E
323 King Street E
$1,499,000
$146/sq ft · 2 days on market
About This Listing
Massive square footage and a truly accessible price! Previously approved plans for an 8-unit residential conversion with main floor commercial space have expired, but all plans, studies, and supporting materials can be included to help fast-track the project back to life. Proposed layout includes 5 two-bedroom and 3 one-bedroom residential units above a versatile commercial ground floor. Savvy investors may also explore subdividing the main floor into smaller commercial units to maximize per-square-foot lease revenue and create a dynamic mixed-use asset. For developers seeking a project with substantial groundwork already completed, this property offers a rare chance to step into a near shovel-ready opportunity with significant upside potential. Generous D2 zoning permits a broad range of uses including office, retail, hospitality, institutional, entertainment, and more - offering flexibility in both redevelopment and interim use strategies. Not looking to develop immediately? The existing structure also presents strong potential for leasing or repositioning in its current configuration. Located steps from a planned LRT station, the property stands to benefit from long-term intensification, connectivity, and appreciation trends shaping the corridor. Clean Phase 1 Environmental report available. Proforma, plans, and additional materials available upon request. Opportunities offering this scale, flexibility, and future growth potential along the LRT route are increasingly rare. A compelling opportunity for creative investors, developers, and end-users with vision.
| Monthly Mortgage (P&I) | $6,531 |
| Property Tax (MLS) | $2,080 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $8,611 |
Down payment: $299,800 (20.0%) · Mortgage: $1,199,200
Property tax uses MLS annual tax of $24,963/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by Corcoran Horizon Realty
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Data last updated: August 23, 2026 at 10:26 a.m.