9
$3,988,000
158 Augusta Avenue, Toronto, ON M5T 2L5
Kensington-Chinatown · C01
6,464 sf
1 months on marketMLS® C13848118
Listing courtesy of HOMELIFE BROADWAY REALTY INC.
1 / 50
For saleMLS® C13704106
502 Queen Street W, Toronto, ON M5V 2B3
Kensington-Chinatown · C01 · M5V 2B3
$4,500,000
$1,466 / sq ft2 months on market
- Total area
- 3,070 sf
- Lot
- 15.18 × 122 ft
What's special
- Yes
About this property
Prime Queen Street West Restaurant Opportunity. Discover an exceptional turnkey restaurant opportunity in the heart of Toronto's highly sought-after Queen West neighborhood, ideally located between Spadina Avenue and Bathurst Street. The space is fully built out and professionally fitted as a turnkey restaurant, allowing an incoming operator to open with minimal additional investment. All owned equipment, fixtures, and essential restaurant infrastructure are included in the sale. The property has been exceptionally well maintained and features numerous upgrades over the years, including a full building sprinkler system and an upgraded gas line. Rear lane access offers convenient loading and servicing, enhancing day-to-day restaurant functionality. Current status: Leased through July 2027. The buyer must assume the tenant for the remaining lease term. Don't miss this chance to join one of Toronto's most vibrant and desirable commercial districts.
Property details
Property
- Property type
- retail
- Interior size
- 3,070 sq ft
- Lot size
- 15.18 × 122 ft
- Zoning
- CR3(c2;r2*1385)
- Possession
- Flex
Interior
- Heating
- Gas Forced Air Open
- Cooling
- Yes
Exterior & services
- Sewer
- Storm Available
Costs
- List price
- $4,500,000
- Property taxes
- $48,000 / year (2025)
- Price per sq ft
- $1,466
Listing
- MLS® number
- C13704106
- Status
- For sale
- Listed
- August 22, 2026
- Days on market
- 74
- Last updated
- August 22, 2026
- Listing brokerage
- RE/MAX ACE 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 priceFree. 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 above most comparable listings — about 91% of comparable retail listings in Kensington-Chinatown are asking less.
$192KMedian $1.84M$3.95M
- This home
- $1,466 / 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 payment20.0% · minimum $900,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $19,905.02
- Property tax (est.)
- $4,000.00
- Estimated monthly
- $23,905
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
- $98,975
- Toronto municipal
- $118,975
- Total due on closing
- $217,950
An estimate on the asking price of $4,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX ACE 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.
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 pricesFree. Takes about twenty seconds.