$1,788,000

For sale

38 Kensington Avenue, Toronto (Kensington-Chinatown) - Retail for Sale

38 Kensington Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2J9

2 parking1,930 ft²16 × 97 ft (1,552 sq ft) lot sizeListed 16 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,930 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 81 days.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

5 bathrooms throughout the building. The main floor features a high-exposure retail space and a rear studio unit. The second floor offers a spacious 3-bedroom suite with a newly renovated kitchen, while the basement includes a bachelor unit with a separate private entrance. Two parking spaces with laneway access provide a rare convenience in this highly desirable neighbourhood. Ideally located steps from TTC, University of Toronto, hospitals, schools, libraries, shopping, restaurants, and major amenities. An outstanding opportunity for investors seeking multiple income streams, long-term rental potential, and property ownership in one of Toronto's most vibrant and sought-after communities. Don't miss this rare chance to add a prime mixed-use property in Kensington Market to your investment portfolio! (id:66096)

Property Details

MLS®: C14092768
Property Type: Retail
Zoning: CR2
Parking: 2
Interior Size: 1,930 ft²
Lot Size: 16 × 97 ft (1,552 sq ft)
Frontage: 16 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $12,740.83/yr
Listed: 16 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$926

List price

$1.79M

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

This retail in Toronto (Kensington-Chinatown) has been listed for 16 days, which is 65 days fresher than the city average of 81. Act while there is still low competition.

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Listed by HOMELIFE NEW WORLD REALTY INC. · JASON HUAN CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $1,788,000, about 29.0× the local median household income of $61,600.

Carrying it typically needs a household income of about $349,259 (20% down, 25-yr amortization, stress-tested) — roughly 467% 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)

$1,788,000· $926/ft²

For sale

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Financing

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