540 King Street West Condos is a new condo development By Great Gulf (10) and Allied Properties currently in preconstruction at 540 King Street West, Toronto . 540 King Street West Condos has a total of 95 units.Architecturally stunning and visually outstanding, 540 King will stand as a vision of design in the heart of the Fashion District. With countless amenities, nearby transit, and a surplus of shopping, cafe, entertainment and restaurants within steps, 540 King offers everything you could want just outside your door.