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For saleMLS® C12989556

33 Kensington Ave & 23 St Andrews Street, Toronto, ON M5T 2J8

Kensington-Chinatown · C01 · M5T 2J8

$3,375,000

$204 / sq ft

6 months on market

Total area
16,533 sf
0

What's special

  • Outside/surface garage
  • Yes

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About this property

Rare opportunity to acquire a three-building retail and mixed-use assembly on a prime block of Kensington Avenue. The properties span multiple frontages with rear laneway access, offering steady in-place income and strong redevelopment potential on top of existing retail value in a tightly held urban retail corridor. 33 Kensington Ave includes a retail unit with lower level leased to Uncle Vintage, with an approx. 3-bedroom apartment above, leased month-to-month. Approx. GFA:3,401 SF. All leases are flexible, providing strong and steady in-place income with near-term leasing and repositioning upside. The offering also includes a separate land parcel at 23 St. Andrews Street, currently improved with surface parking spaces, leased month-to-month, generating additional income while preserving future development flexibility. The assembly spans multiple retail frontages across a combined land area, creating a rare opportunity to acquire scale with meaningful redevelopment potential in addition to proven retail fundamentals in one of Toronto's most supply-constrained retail markets.

Property details

Property

Property type
retail
Interior size
16,533 sq ft
Zoning
CR2(c2;r1.5*2457)
Possession
Immediate

Interior

Heating
Electric Forced Air
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$3,375,000
Property taxes
$78,043 / year (2026)
Price per sq ft
$204

Listing

MLS® number
C12989556
Status
For sale
Listed
April 13, 2026
Days on market
206
Last updated
August 31, 2026
Listing brokerage
CUSHMAN & WAKEFIELD

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 81% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.84M$4.45M
This home
$204 / sq ft
Comparable median
$702 / sq ft

Based on 32 comparable active retail listings in Kensington-Chinatown. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $675,000
$675,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$14,928.76
Property tax (est.)
$6,503.56
Estimated monthly
$21,432

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$70,850
Toronto municipal
$74,600
Total due on closing
$145,450

An estimate on the asking price of $3,375,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CUSHMAN & WAKEFIELD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$3,375,000

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