Skip to content
1 / 7
For saleMLS® C13428784

245 AUGUSTA Avenue, Toronto, ON M5T 2L8

Kensington-Chinatown · C01 · M5T 2L8

$1,499,000

$1,098 / sq ft

4 months on market

Total area
1,365 sf
Lot
14.09 × 77 ft

What's special

  • Yes

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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.

Property details

Property

Property type
retail
Interior size
1,365 sq ft
Lot size
14.09 × 77 ft
Zoning
CR2(c2;r1.5*2457)
Possession
tbd

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Costs

List price
$1,499,000
Property taxes
$13,802 / year (2026)
Price per sq ft
$1,098

Listing

MLS® number
C13428784
Status
For sale
Listed
June 10, 2026
Days on market
147
Last updated
October 26, 2026
Listing brokerage
RE/MAX ULTIMATE REALTY INC.

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

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 in line with comparable listings — about 34% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.92M$4.45M
This home
$1,098 / sq ft
Comparable median
$690 / sq ft

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

Mortgage estimate

Down payment8.3% · minimum $124,900
$124,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,597.63
Property tax (est.)
$1,150.20
Estimated monthly
$8,748

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
$26,455
Toronto municipal
$26,455
Total due on closing
$52,910

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.

$1,499,000

Contact Book a viewing

Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

Unlock nearby sold prices

Free. Takes about twenty seconds.

Similar properties nearby