1226 King St W is a 5-bathroom business in Toronto, listed for $249,000.
1Beautiful fully licensed restaurant available on vibrant King Street West in Toronto's Parkdale neighbourhood.
2The 1,400 sq ft layout features a fully equipped chef's kitchen with a 14-ft commercial hood, one walk-in fridge, and an impressive collection of quality equipment.
3Licensed for 45 guests including the sunny streetfront patio,the restaurant benefits from excellent signage, outstanding exposure, and one of the best people-watching patios on King West.
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5 Bath Commercial Property in Toronto
About 1226 King Street West
Beautiful fully licensed restaurant available on vibrant King Street West in Toronto's Parkdale neighbourhood. Currently operating as Reina de Mexico, this completely renovated space is ideal for continuing as a restaurant or rebranding into a different concept, cuisine, or franchise in one of the city's most sought-after dining corridors. The 1,400 sq ft layout features a fully equipped chef's kitchen with a 14-ft commercial hood, one walk-in fridge, and an impressive collection of quality equipment. Licensed for 45 guests including the sunny streetfront patio,the restaurant benefits from excellent signage, outstanding exposure, and one of the best people-watching patios on King West. Lease rate of $6,200 Gross Rent including TMI with 3 + 5years remaining. This is a turnkey opportunity in a high-demand location surrounded by restaurants, cafés, nightlife, and dense residential neighbourhoods. Please do not go direct or speak to staff or ownership.
Toronto business priced at $249,000 — book a tour to see if it fits your search.
Inside 1226 King St W
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
1226 King St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,969Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1226 King St W is listed at $249,000 (MLS® W13572722). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1226 King St W changed?
Yes — it was first listed at $299,000 and is now $249,000, a drop of $50,000 (16.7%).
How many bedrooms and bathrooms does 1226 King St W have?
1226 King St W has 5 bathrooms. It is a commercial property in Toronto.
Is 1226 King St W close to transit?
The nearest rapid-transit station is Exhibition GO Station (Lakeshore West GO), about 840 m (about a 10-minute walk) in a straight line. Dufferin Station is about 2.4 km, and Lansdowne Station is about 2.5 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 1226 King St W compare with other homes in Toronto?
Its asking price of $249,000 is about 71% below the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1226 King St W been sold before?
Summitly has no earlier MLS® sale or lease of 1226 King St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1226 King St W?
1226 King St W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1226 King St W been on the market?
115 days — 1226 King St W was listed on July 16, 2026.
What is the land transfer tax on 1226 King St W?
About $4,430 at the asking price of $249,000: $2,215 Ontario land transfer tax plus $2,215 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 1226 King St W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1226 King St W?
The listing for 1226 King St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 1226 King St W built?
The listing for 1226 King St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
