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For saleMLS® C13750992

338 Spadina Avenue, Toronto, ON M5T 2G2

Kensington-Chinatown · C01 · M5T 2G2

$199,000

$100 / sq ft

1 months on market

Total area
2,000 sf
0

What's special

  • Public garage
  • Yes

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About this property

Excellent Opportunity to Own a Well-Established Restaurant in Chinatown! Prime high-traffic location with excellent exposure and a large outdoor billboard sign. This long-established Chinese restaurant has been successfully operating for approximately 30 years and enjoys a loyal customer base. Fully equipped commercial kitchen suitable for a variety of cuisines, featuring a walk-in cooler and freezer, plus a basement for additional storage. 77 Seats LLBO licensed. Seller is retiring and willing to provide training to ensure a smooth transition. A rare opportunity to take over a proven restaurant business in a highly visible location with excellent potential for continued growth!

Property details

Property

Property type
business
Interior size
2,000 sq ft
Zoning
Commercial
Possession
TBA

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Public

Costs

List price
$199,000
Property taxes
$16,800 / year (2026)
Price per sq ft
$100

Listing

MLS® number
C13750992
Status
For sale
Listed
September 7, 2026
Days on market
58
Last updated
September 7, 2026
Listing brokerage
BAY STREET GROUP INC.

Price & sale history

This property's sale history is hidden

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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 in line with comparable listings — about 58% of comparable business for sale listings in Kensington-Chinatown are asking less.

$85KMedian $160K$506K
This home
$100 / sq ft
Comparable median
$137 / sq ft

Based on 19 comparable active business for sale listings in Kensington-Chinatown. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $9,950
$9,950
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,045.29
Property tax (est.)
$1,400.00
Estimated monthly
$2,445

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
$1,715
Toronto municipal
$1,715
Total due on closing
$3,430

An estimate on the asking price of $199,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of BAY STREET GROUP 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.

$199,000

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