38 Kensington Avenue
Kensington-Chinatown, Toronto, M5T 2J9
$1,788,000
Listed yesterday · MLS® C14092768
About this home
5 bathrooms throughout the building. The main floor features a high-exposure retail space and a rear studio unit. The second floor offers a spacious 3-bedroom suite with a newly renovated kitchen, while the basement includes a bachelor unit with a separate private entrance. Two parking spaces with laneway access provide a rare convenience in this highly desirable neighbourhood. Ideally located steps from TTC, University of Toronto, hospitals, schools, libraries, shopping, restaurants, and major amenities. An outstanding opportunity for investors seeking multiple income streams, long-term rental potential, and property ownership in one of Toronto's most vibrant and sought-after communities. Don't miss this rare chance to add a prime mixed-use property in Kensington Market to your investment portfolio!
Details
- Type
- Store W Apt/Office
- Lot
- 16 × 97 ft
- Garage
- Outside/Surface
- Property tax
- $12,741 (2025)
- Neighbourhood
- Kensington-Chinatown
- Municipality
- Toronto C01
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Utilities
- Available
Building and exterior
- Building area
- 1,930 Square Feet
More
- Possession
- Flexible
- Cross street
- Spadina & Dundas W
History of this address
8 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
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 Subway16 min walk
- 🚇 Queen's Park Subway17 min walk
- 🚆 Toronto Union Station GO1.9 km
Within a 10-minute walk: 19 grocery stores, 446 cafés and restaurants, 18 parks, 27 pharmacies. Nearest grocery: Fruit Mart (50 m). Nearest park: Bellevue Square Park (100 m).
Schools nearby
Elementary
- Ryerson Community School
EQAO: Gr 6 reading 65%, math 26%5 min walk - Westside Montessori School Private6 min walk
- Beverley School8 min walk
- Lord Lansdowne Junior Public School
EQAO: Gr 6 reading 89%, math 81%9 min walk
Secondary
- Downtown Vocal Music Academy of Toronto Private5 min walk
- Subway Academy II Private7 min walk
- Heydon Park Secondary School
EQAO: Gr 9 math 8%8 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 · 350 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
-
353 COLLEGE ST · 450 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 · 150 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 · 150 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
-
333 COLLEGE ST · 400 mSite Plan · Closed · applied 2025A 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 · 400 mOfficial Plan / Zoning By-law Amendment · Closed · applied 2025Proposed 19-storey mixed-use building containg 746 rooms, Proposal contains 18, 404sqm of residential GFA, and 38sqm of non-residential GFA.Application details
6 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 650 m
- 🚧 King West GO Transit1.1 km
- 🚧 Osgoode 1.2 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
- Interior Alterations · 2023 · ClosedProposal to replace existing exterior stair serving existing dwelling unit #02 at second storey.
- Interior Alterations · 2017 · ClosedProposal for interior alterations to existing apartment building. Scope of work includes proposals for demolition of an existing stair…
2 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
37 City street trees within 100 m. That’s about 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 NEW WORLD REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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