$4,500,000
502 Queen Street W, Toronto, ON M5V 2B3
Kensington-Chinatown · C01
Listing courtesy of RE/MAX ACE REALTY INC.
Kensington-Chinatown · C01 · M5T 2L5
$3,988,000
$617 / sq ft1 months on market
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.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 88% of comparable retail listings in Kensington-Chinatown are asking less.
Based on 32 comparable active retail listings in Kensington-Chinatown. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
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.
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$4,500,000
Kensington-Chinatown · C01
Listing courtesy of RE/MAX ACE REALTY INC.
$3,580,000
Kensington-Chinatown · C01
Listing courtesy of CYPRO REALTY INC.
$3,375,000
Kensington-Chinatown · C01
Listing courtesy of CUSHMAN & WAKEFIELD
$3,199,000
Kensington-Chinatown · C01
Listing courtesy of CUSHMAN & WAKEFIELD