Two adjoining buildings at three municipal addresses (657, 659, and 663 King St E) must be purchased together for $3.5M combined; will not be sold separately
Combined site is 8,102 sq ft of land with 74.9 ft frontage and 110 ft depth; zoned TOC1
Located approximately 100 metres from a planned LRT station
Currently contains 16 residential rental units, a main-floor bar, and additional main-floor commercial space with basement available for lease
Five residential units have been recently renovated and are vacant and ready to lease
Zoning and location permit redevelopment; conceptual plans show potential for 12-storey mixed-use building with approximately 64 residential units, subject to approvals
Seller may consider a Vendor Take-Back mortgage and temporary property management assistance for qualified buyers
Key points summarised from the listing description.
Property details
Listed on
September 9, 2026
Days on market
6 days
Property tax
$15,000 (2025)
Lot
49.16 × 110 Feet
Heating
Gas Forced Air Closed
Cooling
Partial
MLS®
X13758754
Full details
Parking
GarageNone
Property & sold history
Listing history
Date Start
Date End
Price
Status
Listing ID
September 9, 2026
—
$1,750,000
For Sale
X13758754
🔒
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$31,475
Legal · title · inspection$2,800
Closing costs$34,275
Down payment$350,000
Total cash to close$384,275
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
$1,750,000
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