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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307 Spadina Avenue
Kensington-Chinatown Toronto M5T 2E6

$199,000 /For Sale
Commercial

Main Photo: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 1: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 2: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 3: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 4: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 5: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 6: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 7: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 8: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 9: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Photo 10: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12917428
Bus Major:
Restaurant
Well-established restaurant over two floors in a AAA prime location in Chinatown with excellent visibility and high foot traffic. Recently renovated with a fully equipped kitchen, including a long commercial exhaust hood, walk-in cooler and freezer. Licensed for 81 seats (LLBO). Functional layout with kitchen and main dining area on the ground floor, additional seating on the second floor, and basement with storage and washrooms. Convenient access, prominent signage, and suitable for a wide variety of restaurant concepts. Turnkey opportunity in a high-demand location.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
2500 sq. ft. Square Feet
Total Area:
2,500 sq. ft.
Retail Area:
1500 sq. ft. Sq Ft
Lot Depth:
110'
Lot Frontage:
20'
Lot Details:
20.00 x 110.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Comm
Heating type:
Gas Forced Air Open
Cooling:
Yes
Garage:
Outside/Surface
Parking Spaces:
3
Possession Details:
TBA
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$4,600 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
All Chattel And Equipment Are Included. Gross Rent $16,159/Month (Include Tmi , Hst) $9,700 Net Rent & $4,600 TMI. Current lease lill end of December 2026, can get a new 5+5 yrs lease from Landlord.
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:
12-2
Employees:
8
Chattels:
Yes
LLBO:
Yes
Seats:
81
Date Listed:
Mar 25, 2026
Original Price:
Previous Price:
  • Photo 1: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 4: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 5: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 7: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 8: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 9: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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  • Photo 10: 307 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12917428
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Listed by BAY STREET GROUP INC.
Data was last updated March 26, 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.