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For saleMLS® C14092768

38 Kensington Avenue, Toronto, ON M5T 2J9

Kensington-Chinatown · C01 · M5T 2J9

$1,788,000

$926 / sq ft

2 weeks on market

Total area
1,930 sf
Lot
16 × 97 ft

What's special

  • Outside/surface garage

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About this property

5 bathrooms throughout the building. The main floor features a high-exposure retail space and a rear studio unit. The second floor offers a spacious 3-bedroom suite with a newly renovated kitchen, while the basement includes a bachelor unit with a separate private entrance. Two parking spaces with laneway access provide a rare convenience in this highly desirable neighbourhood. Ideally located steps from TTC, University of Toronto, hospitals, schools, libraries, shopping, restaurants, and major amenities. An outstanding opportunity for investors seeking multiple income streams, long-term rental potential, and property ownership in one of Toronto's most vibrant and sought-after communities. Don't miss this rare chance to add a prime mixed-use property in Kensington Market to your investment portfolio!

Property details

Property

Property type
retail
Interior size
1,930 sq ft
Lot size
16 × 97 ft
Zoning
CR2
Possession
Flexible

Interior

Heating
Gas Forced Air Closed
Cooling
No

Exterior & services

Garage
Outside/Surface

Costs

List price
$1,788,000
Property taxes
$12,741 / year (2025)
Price per sq ft
$926

Listing

MLS® number
C14092768
Status
For sale
Listed
October 19, 2026
Days on market
17
Last updated
October 19, 2026
Listing brokerage
HOMELIFE NEW WORLD 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 44% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.92M$4.45M
This home
$926 / 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 $357,600
$357,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,908.93
Property tax (est.)
$1,061.74
Estimated monthly
$8,971

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
$32,235
Toronto municipal
$32,235
Total due on closing
$64,470

An estimate on the asking price of $1,788,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE NEW WORLD 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.

$1,788,000

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