Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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158 Augusta Avenue
Kensington-Chinatown Toronto M5T 2L5

$3,988,000 /For Sale
Commercial

Main Photo: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 1: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 2: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 3: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 4: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 5: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 6: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 7: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 8: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Photo 9: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13848118
Bus Major:
Retail Store Related
Excellent opportunity for investor or owner-occupier. Located within historic Kensington Market, a busy commercial area that has long been an iconic shopping, foodie, hangout and tourist destination. Kensington Market is one of Toronto's most vibrant neighbourhoods, and a centre of Toronto's cultural life. Subject property is a corner lot, 2-storey commercial building of 6,464 sq. ft. with rarely-found 4 surface parking spaces. The main floor is owner-occupied as a well-established hardware store while the 2nd floor is leased as an arcade entertainment venue called "Midnight Arcade". Hardware store can stay or vacate. CAC & heating are available to the 2nd floor. Size does not include high & dry basement. Significant potential for expansion with unused lot area. Very high foot traffic within a walkable community. Within walking distance to Chinatown and Toronto Western Hospital. Adjacent to Queen Street West and Lower Annex neighborhoods, and very close to University of Toronto. Public transit accessible, including the 505 streetcar running along Dundas St. West. Must see! Don't miss out! Turn Key Investment Opportunity, Hardware Store Can Be Sold Separately Or Be Vacant On Closing.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
6464 sq. ft. Square Feet
Total Area:
6,464 sq. ft.
Retail Area:
6464 sq. ft. Sq Ft
Lot Depth:
124'
Lot Frontage:
32'1"
Water supply:
Municipal
Zoning:
CR 2.0 (c2.0; r1.5) SS2 (x2457)
Heating type:
Baseboard
Garage:
Outside/Surface
Parking Spaces:
3
Possession Details:
TBA
Lot Irregularities:
Corner Frontage
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$53,928.77 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
No
All Items Belongs To The Tenant.
No
Utilities:
Yes
Sewers:
Sanitary+Storm Available
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Retail Store Related
Category:
Multi-Use
Outside Storage:
No
Date Listed:
Oct 01, 2026
Original Price:
Previous Price:
  • Photo 1: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
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  • Photo 4: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
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  • Photo 5: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
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  • Photo 8: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
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  • Photo 9: 158 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13848118
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Listed by HOMELIFE BROADWAY REALTY INC.
Data was last updated October 1, 2026 at 12:15 PM (UTC)
DARYL  KING
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Why Choose a Commercial Residential Property?

• Dual Income Potential – Earn from both residential tenants and commercial leases
• Ideal for Business Owners – Live and work in the same space or rent one out
• High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
• Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

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Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.