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For saleMLS® C13848118

158 Augusta Avenue, Toronto, ON M5T 2L5

Kensington-Chinatown · C01 · M5T 2L5

$3,988,000

$617 / sq ft

1 months on market

Total area
6,464 sf
Lot
32.08 × 124 ft

What's special

  • Outside/surface garage

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About this property

Excellent opportunity for investor or owner-occupier. Located within historic Kensington Market, a busy commercial area that has long been an iconic shopping, foodie, hangout and tourist destination. Kensington Market is one of Toronto's most vibrant neighbourhoods, and a centre of Toronto's cultural life. Subject property is a corner lot, 2-storey commercial building of 6,464 sq. ft. with rarely-found 4 surface parking spaces. The main floor is owner-occupied as a well-established hardware store while the 2nd floor is leased as an arcade entertainment venue called "Midnight Arcade". Hardware store can stay or vacate. CAC & heating are available to the 2nd floor. Size does not include high & dry basement. Significant potential for expansion with unused lot area. Very high foot traffic within a walkable community. Within walking distance to Chinatown and Toronto Western Hospital. Adjacent to Queen Street West and Lower Annex neighborhoods, and very close to University of Toronto. Public transit accessible, including the 505 streetcar running along Dundas St. West. Must see! Don't miss out! Turn Key Investment Opportunity, Hardware Store Can Be Sold Separately Or Be Vacant On Closing.

Property details

Property

Property type
retail
Interior size
6,464 sq ft
Lot size
32.08 × 124 ft
Zoning
CR 2.0 (c2.0; r1.5) SS2 (x2457)
Possession
TBA

Interior

Heating
Baseboard
Cooling
No

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm Available

Costs

List price
$3,988,000
Property taxes
$53,929 / year (2026)
Price per sq ft
$617

Listing

MLS® number
C13848118
Status
For sale
Listed
October 1, 2026
Days on market
35
Last updated
October 1, 2026
Listing brokerage
HOMELIFE BROADWAY 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 above most comparable listings — about 88% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.84M$4.41M
This home
$617 / 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 $797,600
$797,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$17,640.27
Property tax (est.)
$4,494.06
Estimated monthly
$22,134

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
$86,175
Toronto municipal
$96,055
Total due on closing
$182,230

An estimate on the asking price of $3,988,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE BROADWAY 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.

$3,988,000

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