Investment signal

$1,935,000

420 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

Opportunity Knocks With Vacant Possession At Closing - your chance to secure a standout property on iconic Spadina Avenue, perfectly positioned in the heart of Toronto.Ideal for owner-operators and strategic investors alike, this mixed-use building offers remarkable scope for renovation, redevelopment, and long-term value growth. Recent upgrades - including a new roof and third-floor patio (2022), basement sprinklers, and a main floor security system - provide a solid framework for your next evolution of the space.The property features over 1,000 sq. ft. of vacant retail space ready for occupancy, complemented by basement storage and a spacious 1,600+ sq. ft. residential apartment above. This flexible layout invites the creation of a contemporary live-work environment, boutique retail concept, or fully leased investment property. The top two floors can easily be reconfigured into two distinct residential units, broadening income potential, while parking for up to four vehicles adds everyday convenience rarely found downtown.Set within one of Toronto's most dynamic neighbourhoods, steps to TTC, the subway, U of T, the Gardiner and more, this address delivers both a prime location and compelling opportunity. Whether you're envisioning a flagship operation, a modern live-work space, or a strategic addition to your real estate portfolio, this Spadina Avenue property stands ready to perform. (id:65958)

Subtype: Retail
Community: Kensington-Chinatown
Living area: 2,679 square feet
Lot dimensions: 16.41 x 100 FT ; 100.47 ft x 16.78 ft x 100.44 ft x 15.51
On market: Apr 15, 2026
Status changed: Apr 16, 2026
Annual tax: $26,038
Zoning: CR2.5 (c2;r2) *1865)
Photos: 1
MLS#: C13004322
Area: TORONTO_(KENSINGTON-CHINATOWN)

Features and systems

Heating

Forced airNatural gas

Cooling

Partially air conditioned

Lot

Irregular lot size

Negative cash flow ~$2,038/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

-6.32%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,820

Financing

Down payment$387,000

Loan amount$1,548,000

Mortgage$7,843/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$887

Insurance$80

Maintenance$1,613

CapEx reserve$806

Vacancy loss$484

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 $7,843/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 16, 2026.