202 Spadina Avenue

Original Remarks

Prime mixed-use investment opportunity in the heart of Toronto's vibrant Chinatown/Kensington Market district. 202 Spadina Avenue is a fully leased three-storey asset featuring four commercial retail units and two residential apartments, offering diversified and stable income in one of the city's most active pedestrian corridors. Positioned along Spadina Avenue just south of Queen Street West, the property benefits from exceptional foot traffic, strong transit connectivity via the Spadina streetcar line, and immediate access to the Queen West retail and entertainment district. The surrounding neighbourhood is a highly sought-after destination for restaurants, independent retailers, and cultural venues, driving consistent tenant demand. The building offers approximately 5,800 SF above grade with 28 feet of frontage, providing investors with a rare opportunity to acquire a stabilized urban asset in a tightly held downtown corridor. The property has undergone significant renovations, blending historic character with modern improvements and minimizing near-term capital expenditure requirements. With diversified income from both retail and residential tenancies, the asset delivers strong in-place cash flow at a 5.7% cap rate, with future rental growth potential in a supply-constrained market. Opportunities to acquire mixed-use properties along Spadina Avenue are rare, making this an attractive addition for investors seeking stable returns and long-term appreciation in downtown Toronto.