261 Spadina Avenue Upper
Kensington-Chinatown, Toronto, M5T 2E3
$99,000
Reduced $50,000 from $149,000
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 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2025Combined 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 mSite Plan · Under Review · applied 2023Queen-Spadina Ontario LineApplication details
-
444 RICHMOND ST W · 450 mSite Plan · Under Review · applied 2022Site 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 mSite Plan · NOAC Issued · applied 2021Site 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 mSite Plan · Under Review · applied 2021Site 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 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2021Revised 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.
Building permits
- Interior Alterations · 2018 · ClosedProposed 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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