374 Spadina Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2G4

1,505 ft²Listed 124 days ago

Overview

This lot in Toronto is for sale offering roughly 1,505 sq ft of space.

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Description

Prime Corner Lot in the Heart of Kensington Market! Exceptional opportunity to acquire ahigh-profile vacant land parcel at the bustling intersection of Spadina Ave. & Baldwin St. one of Toronto's most vibrant and culturally rich neighborhoods. This rare corner site offers premium street exposure at the entrance of the Kensington Market, strong pedestrian traffic, and unmatched development potential. Zoned CR (Commercial Residential), this property is ideal for a mixed-use development with retail at grade and residential or office above. Surrounded by trendy cafes, restaurants, boutiques, and cultural landmarks, and just steps to Chinatown, U of T, Queens Park, and TTC access, this location is a proven hotspot for innovation and urban living. Developers, take advantage of this strategic position in a high-growth, high-demand urban core perfect for boutique condos, purpose-built rentals, or flagship commercial. End-users and land bankers welcome this is a long-term asset in a timeless location. Don't miss this legacy opportunity to become gatekeeper of Kensington Market in one of Toronto's most dynamic corridors. Phase two environmental site assessment concludes that "no further environmental investigation is considered warranted". (id:66096)

Property Details

MLS®: C13517338
Property Type: Vacant Land
Zoning: CR2.5 (c2;r2*1865)
Interior Size: 1,505 ft²
Frontage: 18 ft
Property Tax: $20,147/yr
Listed: 124 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

124d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$863

List price

$1.30M

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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Listed by CENTURY 21 ATRIA REALTY INC. · SHAHNAM MOGHADDAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $1,299,000, about 21.1× the local median household income of $61,600.

Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 312% 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)

$1,299,000· $863/ft²

For sale

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Financing

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374 Spadina Avenue, Toronto (Kensington-Chinatown) - Vacant Land for Sale