281 Augusta Avenue
Kensington-Chinatown, Toronto, M5T 2M1
$89,000
Reduced $30,000 from $119,000
Listed 109 days ago · MLS® C13521522
About this home
Well-Established Japanese Restaurant for Sale - Prime Kensington-Chinatown Location, Toronto. An exceptional opportunity to acquire a well-known Japanese restaurant specializing in Inari (Tofu Pocket) Sushi, located in the heart of Toronto's vibrant Kensington-Chinatown district. This popular destination enjoys outstanding brand recognition, a loyal customer base, and benefits from constant high-volume pedestrian traffic.The restaurant offers a welcoming dining space with 30 indoor seats, 22 seats is LLBO licensed, and features an additional 10-seat outdoor patio, providing an excellent dine-in experience while maintaining a strong takeout business.With an attractive rent of only $7,044/month (including HST & TMI), this is a rare opportunity to secure a prime location at a competitive occupancy cost. There is significant potential to further increase sales by expanding the menu to include sushi, ramen, donburi, udon, appetizers, and other popular Japanese cuisine.
Details
- Type
- Sale Of Business
- Lot
- 15.58 × 61.83 ft
- Garage
- None
- Neighbourhood
- Kensington-Chinatown
- Municipality
- Toronto C01
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Yes
More
- Possession
- TBA
- Cross street
- Augusta & Oxford
- Business type
- Fast Food/Takeout
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
- 🚇 Queen's Park Subway17 min walk
- 🚇 St. Patrick Subway18 min walk
- 🚆 Toronto Union Station GO2.2 km
Within a 10-minute walk: 15 grocery stores, 407 cafés and restaurants, 17 parks, 23 pharmacies. Nearest grocery: Oxford Fruit (100 m). Nearest park: Sonya Parkette (50 m).
Schools nearby
Elementary
- Westside Montessori School Private2 min walk
- Lord Lansdowne Junior Public School
EQAO: Gr 6 reading 89%, math 81%5 min walk - da Vinci School
EQAO: Gr 3 reading 80%, math 70%6 min walk - King Edward Junior and Senior Public School
EQAO: Gr 6 reading 82%, math 82%7 min walk
Secondary
- Downtown Vocal Music Academy of Toronto Private8 min walk
- Subway Academy II Private9 min walk
- Heydon Park Secondary School
EQAO: Gr 9 math 8%10 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 5 active
-
309 AUGUSTA AVE · 100 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026Proposed six storey hotel with restaurant components containing 2194sqm of non-residential gross floor area. No parking is proposed.Application details
-
502 SPADINA AVE · 350 mSite Plan · Under Review · applied 2022Proposed nine-storey mixed-use building with a residential gross floor area of 8,213 square metres, including 109 affordable rental units, and a…Application details
-
452 BATHURST ST · 450 mSite Plan · Under Review · applied 2021Site Plan Approval application to facilitate the redevelopment of the site for a 6-storey mixed-use building having a non-residential gross floor area of…Application details
-
353 COLLEGE ST · 150 mSite Plan · NOAC Issued · applied 2018Proposal for site plan approval related to a five storey addition to existing hostel with portion of ground floor to be used as retailApplication details
-
571 DUNDAS ST W · 450 mPlan of Subdivision · Draft Plan Approved · applied 2017Draft Plan of Subdivision to update the Master Plan approved in 2011.Application details
-
571 DUNDAS ST W · 450 mOfficial Plan / Zoning By-law Amendment · Closed · applied 2026Zoning By-law Amendment application to lift the hold ('H') to By-law 842-2020 (Alexandra Park Phase 2B, Sites 9 and 17).Application details
8 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 900 m
- 🚧 King West GO Transit1.3 km
- 🚧 Osgoode 1.4 km
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
No building permits at this address since 2014.
4 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
53 City street trees within 100 m. 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 HOMELIFE LANDMARK REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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