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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305 Augusta Avenue
Kensington-Chinatown Toronto M5T 2M2

$179,900 /For Sale
Commercial

Main Photo: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 1: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 2: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 3: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 4: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 5: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 6: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 7: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 8: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 9: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 10: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 11: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 12: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 13: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 14: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 15: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 16: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 17: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 18: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Photo 19: 305 Augusta Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13413734
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13413734
Bus Major:
Restaurant
A rare turn-key opportunity in one of Toronto's most vibrant and high traffic neighbourhoods. This bright, casual, Mexican concept comes fully loaded. Equipment, liquor licence, and an attractive brand ready to operate from day one. Kensington market draws a loyal, eclectic crowd year-round and this taqueria style space is perfect position to capitalize on that foot traffic. Wether you're an operator ready to run on the existing concept or a buyer looking to rebrand, the hard work is done.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Approx. Age:
31-50
Retail Area:
900 sq. ft. Sq Ft
Lot Depth:
111'
Lot Frontage:
15'5"
Bathrooms:
4.0
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Other
Garage:
None
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Type Taxes:
TMI
Taxes:
$0 / 2026
Assessment:
$- / 2025
Toronto
Toronto C01
Kensington-Chinatown
none
Ice pop maker machine
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
12pm-7pm
Employees:
3
Chattels:
Yes
LLBO:
Yes
Outside Storage:
No
Seats:
26
Date Listed:
Jun 08, 2026
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated June 8, 2026 at 06:15 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.