Salehian.com 647-325-5000

349 Spadina Avenue

Kensington-Chinatown, Toronto, M5T 2G3

$2,688,000

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Listed 186 days ago · MLS® C13010072

About this home

Rare Investment Opportunity to Acquire an Excellent 3-Story Mixed Use Solid Brick-Building In the Heart of Toronto's Dynamic Chinatown, Steps from the University of Toronto, Kensington Market And College St. & More. Positioned On the East Side of Spadina Avenue With a **24.75 Ft** Frontage and **126.71 Ft** Depth. This New Renovated Three-Storey Building Offers Over **3600 SqFt** of Total Space With **1,900 SqFt** Retail Area + **1,700 SqFt** Apartments On 2nd and 3rd Floor (++Extra 1,800 Sq. Ft. Basement). The Retail Main Floor Features **11 Ft & 9.5 Ft** Soaring Ceilings and Two Washrooms, Complemented By Highly Flexible Zoning. **900 SqFt** 2nd Floor Apartment Includes a Large Living Room With **10Ft** Ceiling Height, Two Bedrooms, a Brand-New Kitchen and Washroom, Plus a Generous Terrace (**800 SqFt** or so) With Sweeping City Views. **800 SqFt** 3rd Floor Apartment Offers a Large Living Room, Two Bedrooms, New Kitchen and Washroom With **9 Ft** Ceilings Throughout. The Property Has a Large Backyard, With Significant Potential to Reposition Existing GFA. Located In a Prime High-Traffic Corridor, Surrounded by Banks, Restaurants, and Retails, It Benefits From Both Heavy Pedestrian and Vehicular Exposure.

Details

Type
Commercial Retail
Lot
20.33 × 130 ft
Garage
Public
Property tax
$37,769 (2025)
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Water and sewer
Sanitary
Utilities
Available

Building and exterior

Building area
3,600 Square Feet

More

Possession
Flexible
Cross street
Spadina Ave & Baldwin St
Business type
Hospitality/Food Related

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 Subway13 min walk
  • 🚇 St. Patrick Subway13 min walk
  • 🚆 Toronto Union Station GO1.9 km

Within a 10-minute walk: 17 grocery stores, 447 cafés and restaurants, 19 parks, 29 pharmacies. Nearest grocery: Fruit Mart (200 m). Nearest park: Glasgow Street Parkette (150 m).

Schools nearby

Elementary

  • Beverley School4 min walk
  • Cornerstone Preparatory School Private6 min walk
  • Westside Montessori School Private7 min walk
  • Lord Lansdowne Junior Public School
    EQAO: Gr 6 reading 89%, math 81%    7 min walk

Secondary

  • Subway Academy II Private4 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%    5 min walk
  • Downtown Vocal Music Academy of Toronto Private8 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 · 350 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
  • 199 COLLEGE ST · 450 m
    Site Plan · Under Review · applied 2022
    Related App 22 150580 STE 11 OZSite Plan application for proposal for a 31-storey mixed-use building containing 492 purpose-built rental units. The proposed…
    Application details
  • 502 SPADINA AVE · 400 m
    Site Plan · Under Review · applied 2022
    Proposed 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
  • 353 COLLEGE ST · 450 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 · 350 m
    Plan of Subdivision · Draft Plan Approved · applied 2017
    Draft Plan of Subdivision to update the Master Plan approved in 2011.
    Application details
  • 199 COLLEGE ST · 450 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2026
    Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) application for an increase in height from 31to 45-storeys, with a total of 694 units…
    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 750 m
  • 🚧 Osgoode 1.1 km
  • 🚧 King West GO Transit1.3 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.

Full lot check · Run the numbers

Building permits

  • Fire Damage · 2023 · Closed
    Fire damage repairs to second floor level floor framing and second floor interior wall. Repairs to interior finishes and fire separations…

16 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

72 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 CENTURY 21 LEADING EDGE EXPERIA REALTY INC..

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

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