202 Spadina Avenue, Toronto C01, ON M5T 2C2, Toronto C01, ON
5800.0 sqft
Prime mixed-use investment opportunity in the heart of Toronto's vibrant Chinatown/Kensington Market district. 202 Spadina Avenue is a fully leased three-storey asset featuring four commercial retail units and two residential apartments, offering diversified and stable income in one of the city's most active pedestrian corridors. Positioned along Spadina Avenue just south of Queen Street West, the property benefits from exceptional foot traffic, strong transit connectivity via the Spadina streetcar line, and immediate access to the Queen West retail and entertainment district. The surrounding neighbourhood is a highly sought-after destination for restaurants, independent retailers, and cultural venues, driving consistent tenant demand. The building offers approximately 5,800 SF above grade with 28 feet of frontage, providing investors with a rare opportunity to acquire a stabilized urban asset in a tightly held downtown corridor. The property has undergone significant renovations, blending historic character with modern improvements and minimizing near-term capital expenditure requirements. With diversified income from both retail and residential tenancies, the asset delivers strong in-place cash flow at a 5.7% cap rate, with future rental growth potential in a supply-constrained market. Opportunities to acquire mixed-use properties along Spadina Avenue are rare, making this an attractive addition for investors seeking stable returns and long-term appreciation in downtown Toronto.
Property Highlights
For Sale
MLS NO.
C12868176
Type
Commercial
Sub Type
Commercial Retail
Square Footage
5800.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12868176
Security Features
Yes
Lot Width
28.42
Lot Size
0.077
Lot Size Units
Acres
Garage Type
Lane
Cooling
Yes
Heat Type
Gas Hot Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
202 Spadina Avenue, Toronto C01, ON M5T 2C2
City
Toronto C01
Neighbourhood
Kensington-Chinatown
County / Region
Toronto
Province / State
ON
Postal Code
M5T 2C2
Cross Street
Spadina/Queen st W
Directions
West
Country
CA
List Price
$5,150,000
Annual Taxes
$29,120
Tax Year
2025
Possession Type
Flexible
Possession Details
100% Leased
Listing Office
CUBECOM COMMERCIAL REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-10T20:06:06Z
Media Updated
2026-03-10T20:06:07Z
Photos Updated
2026-03-10T20:06:07Z
Last Modified
2026-03-11T17:26:12Z
System Modified
2026-03-11T17:26:12.218181Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-08-31
Heat Type Multi
Gas Hot Water
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
212380004
Parking Spaces
5
Public Remarks
Prime mixed-use investment opportunity in the heart of Toronto's vibrant Chinatown/Kensington Market district. 202 Spadina Avenue is a fully leased three-storey asset featuring four commercial retail units and two residential apartments, offering diversified and stable income in one of the city's most active pedestrian corridors. Positioned along Spadina Avenue just south of Queen Street West, the property benefits from exceptional foot traffic, strong transit connectivity via the Spadina streetcar line, and immediate access to the Queen West retail and entertainment district. The surrounding neighbourhood is a highly sought-after destination for restaurants, independent retailers, and cultural venues, driving consistent tenant demand. The building offers approximately 5,800 SF above grade with 28 feet of frontage, providing investors with a rare opportunity to acquire a stabilized urban asset in a tightly held downtown corridor. The property has undergone significant renovations, blending historic character with modern improvements and minimizing near-term capital expenditure requirements. With diversified income from both retail and residential tenancies, the asset delivers strong in-place cash flow at a 5.7% cap rate, with future rental growth potential in a supply-constrained market. Opportunities to acquire mixed-use properties along Spadina Avenue are rare, making this an attractive addition for investors seeking stable returns and long-term appreciation in downtown Toronto.
