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Investment signal

$398,000

237 - 222 SPADINA AVENUE

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Kensington-Chinatown). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

A small multi-unit retail portfolio within Chinatown Centre under single ownership. The property includes one retail condominium unit of approximately 91 square feet together with seven exclusive use retail kiosks, totalling approximately 1,932 square feet distributed throughout the Centre. The kiosks are positioned along the main retail level near entrances from Spadina Avenue, Cameron Street, and the stair access to the lower-level food court, placing the units within established daily pedestrian movement. The retail condominium unit is located on the second floor and features glass walls from floor to ceiling. The structure allows income from multiple tenants with leases occurring at different times, reducing reliance on a single business while maintaining flexibility over time. The overall footprint remains compact and straightforward to manage. The property currently generates positive net cash flow and provides stable income from diversified tenants. The portfolio will appeal to investors, retail owners and operators, and business owners familiar with Chinatown Centre and its central downtown location. (id:65958)

Subtype: Retail
Structure: Retail
Community: Kensington-Chinatown
Living area: 1,932 square feet
Lot dimensions: Unit=359.62 x 209.48 FT
On market: Feb 18, 2026
Status changed: Apr 24, 2026
Annual tax: $7,198.63
Zoning: CR 5.0 (C2.5; R4.0) SS2 (x2340)
Photos: 25
MLS#: C12799006
Area: TORONTO_(KENSINGTON-CHINATOWN)

Features and systems

Parking

Underground

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$93/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-1.41%

Cap rate

4.58%

GRM

13.8

Break-even rent

$2,498

Financing

Down payment$79,600

Loan amount$318,400

Mortgage$1,613/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$182

Insurance$80

Maintenance$332

CapEx reserve$166

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,613/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.