$1,788,000
38 Kensington Avenue, Toronto, ON M5T 2J9
Kensington-Chinatown · C01
Listing courtesy of HOMELIFE NEW WORLD REALTY INC.
Kensington-Chinatown · C01 · M5T 2L8
$1,499,000
$1,098 / sq ft4 months on market
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.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 34% of comparable retail listings in Kensington-Chinatown are asking less.
Based on 32 comparable active retail listings in Kensington-Chinatown. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,499,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX ULTIMATE REALTY INC.. 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.
What similar homes in this area actually sold for.
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$1,788,000
Kensington-Chinatown · C01
Listing courtesy of HOMELIFE NEW WORLD REALTY INC.
$1,200,000
Kensington-Chinatown · C01
Listing courtesy of REAL ONE REALTY INC.
$1,200,000
Kensington-Chinatown · C01
Listing courtesy of REAL ONE REALTY INC.
$1,599,000
Kensington-Chinatown · C01
Listing courtesy of CB METROPOLITAN COMMERCIAL LTD.
$1,300,000
Kensington-Chinatown · C01
Listing courtesy of JONES LANG LASALLE REAL ESTATE SERVICES, INC.
$1,349,000
Kensington-Chinatown · C01
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY