261 Spadina Avenue Upper

Kensington-Chinatown, Toronto, M5T 2E3

$99,000

Reduced $50,000 from $149,000

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Listed 39 days ago · MLS® C13769560

About this home

LOCATION! LOCATION! LOCATION! Prime Commercial Location Near The Corner Of Spadina Ave & Dundas St W In The Heart Of Chinatown, One Of Toronto's Most Popular Tourist And Dining Areas. Excellent Exposure With Heavy Pedestrian And Vehicular Traffic. Brand New Renovation, High Ceilings, An Open-Concept Layout, And A Dedicated VIP Room. Fully Equipped Commercial Kitchen With Walk-In Cooler & Freezer And All Essential Restaurant Equipment In Place. Licensed For 118 Seats Under LLBO, Offering Excellent Potential For A Variety Of Restaurant, Bar, Or Food Concepts. Wide Sidewalk At The Front And An Easy Loading Area At The Rear Accessible Via A Common Laneway. Surrounded By A Busy Mix Of Restaurants, Retailers, And Dining Establishments. Turnkey Opportunity In A Highly Sought-After Chinatown Location!

Details

Type
Sale Of Business
Garage
Outside/Surface
Property tax
$1 (2025)
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

Building and exterior

Building area
2,700 Square Feet

More

Possession
TBA
Cross street
Dundas / Spadina
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St. Patrick Subway13 min walk
  • 🚇 Osgoode Subway14 min walk
  • 🚆 Toronto Union Station GO1.6 km

Within a 10-minute walk: 20 grocery stores, 521 cafés and restaurants, 20 parks, 29 pharmacies. Nearest grocery: Kai Wei Supermarket (0 m). Nearest park: Randy Padmore Park (350 m).

Schools nearby

Elementary

  • Ogden Junior Public School
    EQAO: Gr 6 reading 77%, math 53%
    5 min walk
  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%
    7 min walk
  • Beverley School7 min walk
  • Cornerstone Preparatory School Private7 min walk

Secondary

  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    6 min walk
  • Downtown Vocal Music Academy of Toronto Private6 min walk
  • Subway Academy II Private7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5T

Owners / renters
32% / 68%
Median household income
$61,600
Average age
42
Children under 15
7%
Homes
1% detached, 56% high-rise
Commute by transit
24%
Population
17,903

Languages spoken most at home besides English: Mandarin 10.4%, Yue (Cantonese) 9.2%, Vietnamese 1.3%, Spanish 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Kensington-Chinatown (2025): 126% above the Toronto average, down 13% from the year before.

  • Assault163% above average
  • Break and enter134% above average
  • Auto theft47% below average
  • Robbery146% above average
  • Theft from vehicles302% above average
  • Shootings169% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 8 active

  • 50 STEPHANIE ST · 400 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for an 11-storey purpose-built rental residential building atop a 3-storey podium. The proposed development…
    Application details
  • 443 QUEEN ST W · 400 m
    Site Plan · Under Review · applied 2023
    Queen-Spadina Ontario Line
    Application details
  • 444 RICHMOND ST W · 450 m
    Site Plan · Under Review · applied 2022
    Site Plan Approval application for a proposed 19-storey mixed-use building comprised of 117 residential dwelling units, 339 square metres of retail space on…
    Application details
  • 184 SPADINA AVE · 300 m
    Site Plan · NOAC Issued · applied 2021
    Site Plan Approval for a hotel development comprised of two towers, one fronting Spadina Avenue (14 storeys - 41.45 metres including the mechanical penthouse)…
    Application details
  • 147 SPADINA AVE · 500 m
    Site Plan · Under Review · applied 2021
    Site plan approval application to redevelop the site with a 25-storey mixed-use building with a height of 79.8 metres (85.8 including the mechanical…
    Application details
  • 147 SPADINA AVE · 500 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2021
    Revised Zoning Amendment application to redevelop the site with a 24-storey mixed-use building with a height of 76.8 meters (82.8 metres including the…
    Application details

12 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Chinatown 350 m
  • 🚧 Osgoode 850 m
  • 🚧 King West GO Transit950 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2018 · Closed
    Proposed interior alterations to existing restaurant. Scope of work is on the second floor.

10 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

104 City street trees within 100 m, mostly honeys. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by BAY STREET GROUP INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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