158 Augusta Avenue, Toronto C01, ON M5T 2L5, Toronto C01, ON
6464.0 sqft
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 Highlights
For Sale
MLS NO.
C12875310
Type
Commercial
Sub Type
Commercial Retail
Square Footage
6464.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12875310
Security Features
No
Lot Width
32.08
Garage Type
Outside/Surface
Cooling
No
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
158 Augusta Avenue, Toronto C01, ON M5T 2L5
City
Toronto C01
Neighbourhood
Kensington-Chinatown
County / Region
Toronto
Province / State
ON
Postal Code
M5T 2L5
Cross Street
Dundas / Augusta
Directions
Dundas / Augusta
Country
CA
List Price
$4,200,000
Annual Taxes
$53,929
Tax Year
2025
Legal Description
LT 7-8 PL 753 CITY WEST; CITY OF TORONTO
Possession Type
Flexible
Possession Details
TBA
Listing Office
HOMELIFE BROADWAY REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-12T14:09:41Z
Media Updated
2026-03-12T14:09:41Z
Photos Updated
2026-03-12T14:09:41Z
Last Modified
2026-03-12T14:09:41Z
System Modified
2026-03-12T14:09:41.755665Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-09-11
Heat Type Multi
Baseboard
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parking Spaces
3
Public Remarks
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.
