The Princess of Wales Theatre is a 2000-seat theatre located at 300 King Street West in the heart of Toronto's

Toronto

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

 Entertainment District in the downtown

Downtown Toronto

Downtown Toronto is the central business district of Toronto, Ontario, Canada. It is approximately bounded by Bloor Street to the north, Lake Ontario to the south, the Don River to the east, and Bathurst Street to the west...

 area. The theatre's name has a triple meaning: it recalls the Princess Theatre, Toronto's first "first-class legitimate" playhouse, that once stood three blocks to the east; it honours Diana, Princess of Wales

Diana, Princess of Wales

Diana, Princess of Wales was the first wife of Charles, Prince of Wales, whom she married on 29 July 1981, and an international charity and fundraising figure, as well as a preeminent celebrity of the late 20th century...

, with whose consent the theatre was so-named; and it links the building to its sister-theatre, the Royal Alexandra, one block to the east, also named - with Royal assent - for a former Princess of Wales.
The theatre was built by Ed

Ed Mirvish

Edwin “Honest Ed” Mirvish, OC, CBE was a Canadian businessman, philanthropist and theatrical impresario who lived in Toronto, Ontario...

 and David Mirvish

David Mirvish

David Mirvish, CM, O.Ont is a Canadian art collector, art dealer, theatre producer and son of the late "Honest" Ed Mirvish, Toronto discount department store-owner and artist Anne Lazare Macklin....

 - who also own Toronto's Royal Alexandra

Royal Alexandra Theatre

The Royal Alexandra Theatre is a theatre in Toronto, Ontario, Canada located near King and Simcoe Streets. Built in 1907, the Royal Alex is the oldest continuously operating legitimate theatre in North America.-History:...

, Canon, and Panasonic theatres,as well as designing and build the RON Maslin Play House know as the Kanata Theatre in Ottawa, Ontario Canada.