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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246 Spadina Avenue
Kensington-Chinatown Toronto M5T 2C2

$2,350,000 /For Sale
Commercial

Main Photo: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 1: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 2: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 3: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 4: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 5: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 6: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 7: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 8: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 9: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 10: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 11: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 12: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 13: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 14: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 15: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 16: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 17: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 18: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Photo 19: 246 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13812010
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13812010
Exceptional mixed-use opportunity at 246 Spadina Ave, Toronto! This prominent property features a spacious main storefront of over 2,000 sq. ft., offering excellent flexibility for a variety of retail, commercial, office, showroom, or service uses. The property also includes a recently updated 2-bedroom apartment with 2.5 washrooms, providing comfortable residential accommodation or additional income potential. Enjoy the added convenience of ample parking at the rear, a valuable feature in this central Toronto location. With a strong combination of commercial space, residential accommodation, parking, and prominent street presence, this property offers a unique opportunity for an owner-user or investor. Seller is open to considering Vendor Take-Back (VTB) financing for qualified buyers, subject to mutually acceptable terms. A versatile property with tremendous potential and multiple possibilities. Great opportunity awaits the right buyer!
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
Yes
Total Area:
5000 sq. ft. Square Feet
Total Area:
5,000 sq. ft.
Retail Area:
1976 sq. ft. Sq Ft
Office/Apt Area:
1900 sq. ft. Sq Ft
Lot Depth:
118'
Lot Frontage:
16'9"
Water supply:
Municipal
Soil Test:
No
Zoning:
CR5(c2.5;r4*2340),CR5(c2.5;r4*2346)
Heating type:
Gas Forced Air Closed
Survey Available:
No
Garage:
None
Parking Spaces:
5
Possession Details:
60-90
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$23,679 / 2025
Assessment:
$- / 2025
Toronto
Toronto C01
Kensington-Chinatown
Yes
Hot Water Tank
None
No
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Category:
Store With Apt/Office
Franchise:
No
Chattels:
No
Outside Storage:
No
Date Listed:
Sep 22, 2026
Original Price:
Previous Price:
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Listed by CENTURY 21 REGAL REALTY INC.
Data was last updated September 22, 2026 at 12:15 AM (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.