Opportunity knocks on Spadina! 414 Spadina Ave presents a rare opportunity to own a large (3529 sq ft + 1186 basement) mixed use building in the heart of Toronto's vibrant Chinatown. With a large footprint and greater depth than most properties on the street, this asset offers significant versatility and long-term upside. The main floor, leased to a great tenant, features approximately 1,454 sq ft of commercial space, plus a 460 sq ft mezzanine and 468 sq ft of finished basement space, ideal for storage or staff use (a total of 2382 sq ft). An additional 718 sq ft commercial basement unit is currently leased, providing stable income. Upstairs, the second floor boasts a beautifully renovated 2-bedroom apartment with a large deck, perfect for premium rental or owner-occupancy, while the third floor holds a spacious 1-bedroom unit, ready for a renovation, which could easily be converted into a 2-bedroom. Ideally located between Kensington market and Queen West, this high-visibility location benefits from exceptional foot traffic, transit access, and proximity to U of T, OCAD and TMU. Whether you're an investor, owner-user, or looking for value-add potential, 414 Spadina offers unmatched flexibility in a prime downtown location!
Address
414 Spadina Avenue
List Price
$2,099,888
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Kensington-Chinatown
Region
Toronto
Lot Depth
100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
15.16
Total Building Area
3525
Occupant Type
Tenant
Cross Street
College and Spadina
MLS® Number
C12438438
Listing Brokerage
CHESTNUT PARK REAL ESTATE LIMITED
Basement
Yes
Postal Code
M5T 2G7
Posession Details
30-60 Days
Tax Amount
$24,919.02
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Partial
Garage Type
None
Tax Legal Description
Pt Lt 4 PL 99 Toronto; Pt Lt 7 PL 613 City West as in CT935489; /S./T Interest in CT935489; City of Toronto
Security Features
No
Sewer
Sanitary