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.

Forgot password Extend Verify Contact

394 Spadina Avenue
Kensington-Chinatown Toronto M5T 2G5

$1,599,000 /For Sale
Commercial

Main Photo: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 1: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 2: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 3: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 4: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 5: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 6: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 7: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 8: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Photo 9: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13843234
AAA Centre Ice Chinatown location adjacent to the bohemian Kensington Market and global top-20 University of Toronto as well as the highly respected George Brown College and OCADU; ideal for an end-user for your own business (Vacant Possession).
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
1982 sq. ft. Square Feet
Total Area:
1,982 sq. ft.
Retail Area:
1982 sq. ft. Sq Ft
Lot Depth:
95'
Lot Frontage:
18'4"
Water supply:
Municipal
Zoning:
CR
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
Vacant on Possssion
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$29,907 / 2026
Assessment:
$- / 2025
Toronto
Toronto C01
Kensington-Chinatown
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Sep 30, 2026
Original Price:
Previous Price:
  • Photo 1: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 1 of 9
  • Photo 2: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 2 of 9
  • Photo 3: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 3 of 9
  • Photo 4: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 4 of 9
  • Photo 5: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 5 of 9
  • Photo 6: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 6 of 9
  • Photo 7: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 7 of 9
  • Photo 8: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 8 of 9
  • Photo 9: 394 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13843234
    Photo 9 of 9
Listed by CB METROPOLITAN COMMERCIAL LTD.
Data was last updated September 30, 2026 at 06:15 AM (UTC)
DARYL  KING
powered by myRealPage.com

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.