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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38 Kensington Avenue
Kensington-Chinatown Toronto M5T 2J9

$1,788,000 /For Sale
Commercial

Main Photo: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 1: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 2: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 3: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 4: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 5: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 6: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 7: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 8: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 9: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 10: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 11: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 12: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 13: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 14: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 15: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 16: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 17: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 18: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 19: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 20: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 21: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 22: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 23: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 24: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 25: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 26: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 27: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 28: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 29: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 30: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 31: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 32: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 33: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 34: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 35: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 36: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 37: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 38: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Photo 39: 38 Kensington Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13582198
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13582198
Opportunity to own a prime mixed-use property in the heart of Kensington Market, just steps from Chinatown. Newly renovated with bright, spacious living areas, offering a total of 6 bedrooms and 5 bathrooms across the building. The main floor includes a high-exposure retail space plus a rear studio unit. The second level features a 3-bedroom suite with a new kitchen, and the basement offers a bachelor unit with its own private entrance. Two laneway-accessible parking spaces-an exceptional rarity in this neighbourhood. Steps to TTC, U of T, hospitals, schools, libraries, and major amenities. This can be a great income property in one of Toronto's most vibrant communities.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
Yes
Total Area:
1930 sq. ft. Square Feet
Total Area:
1,930 sq. ft.
Retail Area:
300 sq. ft. Sq Ft
Office/Apt Area:
1630 sq. ft. Sq Ft
Lot Depth:
97'
Lot Frontage:
16'
Water supply:
Municipal
Zoning:
CR2
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Parking Spaces:
2
Possession Details:
Flex
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$12,740.83 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
No
Easy Showing With Lockbox. Retail Store Opens at 12 pm. Retail Store on a Month-to-month Lease.
All Existing Appliances In Residential Units. All Existing Electrical Light Fixtures
Utilities:
Available
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Jul 20, 2026
Original Price:
Previous Price:
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Listed by HOMELIFE NEW WORLD REALTY INC.
Data was last updated July 21, 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.