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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405 Spadina Avenue
Kensington-Chinatown Toronto M5T 2G6

$2,188,000 /For Sale
Commercial

Main Photo: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Photo 1: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Photo 2: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Photo 3: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Photo 4: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Photo 5: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12473180
Bus Major:
Hospitality/Food Related
Prime three-storey mixed-use building located steps from the University of Toronto in the heart of downtown Toronto's Spadina Avenue corridor. The property totals approximately 2,435 SF and features an 853 SF fully-fixtured restaurant on the ground floor with a short-term lease in place, offering immediate flexibility for a purchaser. Two well-positioned residential apartments above provide stable supplementary income, and have convenient parking at the rear of the property. Highly visible along one of Toronto's most trafficked retail corridors, the property benefits from exceptional pedestrian and vehicular exposure and direct access to TTC streetcar service. Surrounded by new mixed-use developments, restaurants, and cultural amenities, this location sits within a high-growth area experiencing strong population and rental demand, making it a compelling opportunity for purchasers.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
2435 sq. ft. Square Feet
Total Area:
2,435 sq. ft.
Retail Area:
853 sq. ft. Sq Ft
Office/Apt Area:
1582 sq. ft. Sq Ft
Lot Depth:
108'
Lot Frontage:
16'8"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
CR2.5(c2;r2)*1865)
Heating type:
Baseboard
Garage:
Outside/Surface
Parking Spaces:
2
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$28,892 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
Partial
Utilities:
Yes
Air Conditioning:
Partial
Seller Property Info Statement:
No
Major Business Type:
Hospitality/Food Related
Category:
Retail
Date Listed:
Oct 21, 2025
  • Photo 1: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
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  • Photo 2: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
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  • Photo 3: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
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  • Photo 4: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
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  • Photo 5: 405 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12473180
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Listed by CUSHMAN & WAKEFIELD
Data was last updated October 21, 2025 at 10:15 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.