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For saleMLS® C13812010

246 Spadina Avenue, Toronto, ON M5T 2C2

Kensington-Chinatown · C01 · M5T 2C2

$2,350,000

$470 / sq ft

1 months on market

Total area
5,000 sf
Lot
16.75 × 118 ft

What's special

  • Yes

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About this property

Exceptional mixed-use opportunity at 246 Spadina Ave, Toronto! This prominent property features a spacious main storefront of over 2,000 sq. ft., offering excellent flexibility for a variety of retail, commercial, office, showroom, or service uses. The property also includes a recently updated 2-bedroom apartment with 2.5 washrooms, providing comfortable residential accommodation or additional income potential. Enjoy the added convenience of ample parking at the rear, a valuable feature in this central Toronto location. With a strong combination of commercial space, residential accommodation, parking, and prominent street presence, this property offers a unique opportunity for an owner-user or investor. Seller is open to considering Vendor Take-Back (VTB) financing for qualified buyers, subject to mutually acceptable terms. A versatile property with tremendous potential and multiple possibilities. Great opportunity awaits the right buyer!

Property details

Property

Property type
retail
Interior size
5,000 sq ft
Lot size
16.75 × 118 ft
Zoning
CR5(c2.5;r4*2340),CR5(c2.5;r4*2346)
Possession
60-90

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Costs

List price
$2,350,000
Property taxes
$23,679 / year (2025)
Price per sq ft
$470
Rental items
Hot Water Tank

Listing

MLS® number
C13812010
Status
For sale
Listed
September 22, 2026
Days on market
44
Last updated
October 15, 2026
Listing brokerage
CENTURY 21 REGAL REALTY INC.

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 in line with comparable listings — about 56% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.84M$4.45M
This home
$470 / 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 $470,000
$470,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$10,394.84
Property tax (est.)
$1,973.25
Estimated monthly
$12,368

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
$45,225
Toronto municipal
$45,225
Total due on closing
$90,450

An estimate on the asking price of $2,350,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CENTURY 21 REGAL 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.

$2,350,000

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