338 Spadina Avenue

Kensington-Chinatown, Toronto, M5T 2G2

$199,000

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Listed 43 days ago · MLS® C13750992

About this home

Excellent Opportunity to Own a Well-Established Restaurant in Chinatown! Prime high-traffic location with excellent exposure and a large outdoor billboard sign. This long-established Chinese restaurant has been successfully operating for approximately 30 years and enjoys a loyal customer base. Fully equipped commercial kitchen suitable for a variety of cuisines, featuring a walk-in cooler and freezer, plus a basement for additional storage. 77 Seats LLBO licensed. Seller is retiring and willing to provide training to ensure a smooth transition. A rare opportunity to take over a proven restaurant business in a highly visible location with excellent potential for continued growth!

Details

Type
Sale Of Business
Garage
Public
Property tax
$16,800 (2026)
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

Building and exterior

Building area
2,000 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 Subway14 min walk
  • 🚇 Queen's Park Subway15 min walk
  • 🚆 Toronto Union Station GO1.8 km

Within a 10-minute walk: 18 grocery stores, 458 cafés and restaurants, 20 parks, 29 pharmacies. Nearest grocery: Fruit Mart (100 m). Nearest park: Bellevue Square Park (250 m).

Schools nearby

Elementary

  • Beverley School6 min walk
  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%
    7 min walk
  • Cornerstone Preparatory School Private7 min walk
  • Westside Montessori School Private7 min walk

Secondary

  • Subway Academy II Private5 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    6 min walk
  • Downtown Vocal Music Academy of Toronto Private6 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 3 active

  • 309 AUGUSTA AVE · 400 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed six storey hotel with restaurant components containing 2194sqm of non-residential gross floor area. No parking is proposed.
    Application details
  • 353 COLLEGE ST · 500 m
    Site Plan · NOAC Issued · applied 2018
    Proposal for site plan approval related to a five storey addition to existing hostel with portion of ground floor to be used as retail
    Application details
  • 571 DUNDAS ST W · 200 m
    Plan of Subdivision · Draft Plan Approved · applied 2017
    Draft Plan of Subdivision to update the Master Plan approved in 2011.
    Application details
  • 571 DUNDAS ST W · 200 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2026
    Zoning By-law Amendment application to lift the hold ('H') to By-law 842-2020 (Alexandra Park Phase 2B, Sites 9 and 17).
    Application details
  • 333 COLLEGE ST · 450 m
    Site Plan · Closed · applied 2025
    A 20-storey privately-owned student residence building containing 17,649 square metres of residential gross floor area and 60 square metres of retail gross…
    Application details
  • 333 COLLEGE ST · 450 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2025
    Proposed 19-storey mixed-use building containg 746 rooms, Proposal contains 18, 404sqm of residential GFA, and 38sqm of non-residential GFA.
    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 600 m
  • 🚧 Osgoode 1.0 km
  • 🚧 King West GO Transit1.1 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 R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

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

Heritage Listed

This address is on Toronto’s Heritage Register: Listed. The City must get 60 days’ notice before demolition, and it can move to designate the property.

Heritage Register entry

Building permits

  • Other · 2023 · Cancelled
    Proposal to construct a deck on the rooftop of an existing apartment building.
  • Fire Alarm · 2022 · Closed
    Replacing the fire panel and add new horns

15 permits on this block of the street in the last 2 years, including 1 new home.

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

Trees

60 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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