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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21 KENSINGTON Avenue
Kensington-Chinatown Toronto M5T 2J8

$199,000 /For Sale
Commercial

Main Photo: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 1: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 2: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 3: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 4: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 5: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Photo 6: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13865804
Bus Major:
Bar/Tavern/Pub
Exceptional opportunity to acquire a fully licensed hospitality venue in the heart of Kensington Market. Operating from a character-filled Victorian building, this unique property features liquor licensing for 100 guests, expansive front and rear patios, and exceptional street presence in one of Toronto's most vibrant dining and entertainment districts. Ideal for restaurateurs, bar operators, event concepts, wine bars, breweries, cafes, and hospitality entrepreneurs seeking a flagship location. Rare combination of heritage charm, patio capacity, and licensing flexibility in a premier Toronto destination
Minimum Rental Term:
60
Maximum Rental Term:
36
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
1500 sq. ft. Sq Ft
Lot Depth:
55'
Lot Frontage:
15'
Water supply:
Municipal
Zoning:
COMM
Heating type:
Gas Hot Water
Garage:
Street
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Bar/Tavern/Pub
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
8
Employees:
8
Chattels:
Yes
LLBO:
Yes
Seats:
100
Date Listed:
Oct 06, 2026
Original Price:
Previous Price:
  • Photo 1: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
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  • Photo 3: 21 KENSINGTON Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13865804
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Listed by CENTURY 21 REGAL REALTY INC.
Data was last updated October 6, 2026 at 02:15 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.

lore More GTA Homes:

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.