Description

Exceptional mixed-use investment opportunity in the heart of Toronto's vibrant Kensington Market. This well-located property features a beloved restaurant space on the main floor and basement, together with a residential apartment on the second floor. The entire building can be delivered vacant on closing, offering excellent owner-user and investment potential. Situated just steps from the high-traffic intersection of Spadina Avenue and College Street, the property benefits from exceptional pedestrian and vehicular exposure in one of Toronto's most dynamic and sought-after neighbourhoods. Surrounded by an eclectic mix of restaurants, cafés, boutique retailers, and cultural attractions, and within walking distance of the University of Toronto, Queen's Park, the Art Gallery of Ontario, and OCAD University. Excellent TTC access further enhances the property's appeal. An outstanding opportunity to acquire a versatile mixed-use asset in one of Toronto's most iconic urban destinations. (id:66096)

Property Details

MLS®: C13428784
Property Type: Retail
Zoning: CR2(c2;r1.5*2457)
Interior Size: 1,365 ft²
Lot Size: 14 × 77 ft (1,085 sq ft)
Frontage: 14 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $13,802.4/yr
Listed: 147 days ago

Market Timing

Days on market

147d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$1,098

List price

$1.50M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Area context

Neighbourhood profile (M5T)

This home lists at $1,499,000, about 24.3× the local median household income of $61,600.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 375% above the area median.

Median household income: $61,600
Population: 17,903
Median age: 36
Owner / renter: 32% / 68%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M5T)

$1,499,000· $1,098/ft²

For sale

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Financing

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Neighbourhood profile (M5T)

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