382 Spadina Avenue, Toronto, ON M5T 2G5
Kensington-Chinatown, Toronto · Near Spadina Avenue / Dundas Street West · View map
About this home
Prime Turnkey Restaurant Opportunity on Spadina Ave near Dundas St W, right where Downtown Toronto's Chinatown meets Kensington Market! Surrounded by U of T, OCAD, major hospitals, and steps to the 510 Spadina streetcar with non-stop year-round foot traffic. Approx. 1,200 sq. ft. across the main floor and full basement, featuring an existing dine-in and high-volume takeout/delivery layout, full commercial kitchen with exhaust hood system, walk-in cooler/freezer, and spacious lower-level prep and storage area. Currently operating as a popular Chinese BBQ concept and easily adaptable to noodles, hotpot/malatang, ramen, Korean/Japanese, or other food concepts. Rare long-term lease security: current lease runs until June 14, 2031 plus one 5-year renewal option (to 2036). Attractive downtown rent at $6,500/month Base Rent + approx. $2,500/month TMI ($9,000/month + HST). Asking $139,900 for business and equipment only. Inventory is extra and valued at closing. Do not approach staff directly.
The home
- Type
- Sale of business
- Square footage
- 1000 sq ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $1/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Spadina Avenue / Dundas Street West
- Neighbourhood
- Kensington-Chinatown
More
- MLS® number
- C14161452
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
382 Spadina Avenue, Toronto, ON M5T 2G5
Kensington-Chinatown, Toronto · Near Spadina Avenue / Dundas Street West
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 382 Spadina Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 382 Spadina Avenue
Answers come straight from this home’s MLS® listing.
How much is 382 Spadina Avenue listed for, and what would it cost each month?
382 Spadina Avenue is listed for $139,900. With 20% down ($27,980), the mortgage payment would be roughly $564 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $564 a month, all in. That figure is an illustration, not a quote.
Is 382 Spadina Avenue freehold or a condo, and is there a monthly fee?
382 Spadina Avenue is a sale of business in Kensington-Chinatown, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 382 Spadina Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 382 Spadina Avenue?
382 Spadina Avenue is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 382 Spadina Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 382 Spadina Avenue?
Property taxes are $1 a year (2025), or about $0 a month.
Where is 382 Spadina Avenue?
382 Spadina Avenue is in the Kensington-Chinatown community of Toronto. The nearest main intersection is Spadina Avenue / Dundas Street West. The postal code is M5T 2G5.
Is 382 Spadina Avenue still for sale?
Yes. It is an active listing (MLS® C14161452). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 382 Spadina Avenue asking?
Similar properties for sale nearby right now include C8 - 222 Spadina Avenue at $145,000, 3 - 148 Spadina Avenue at $119,000 and 409 Spadina Avenue at $169,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 382 Spadina Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 382 Spadina Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Kensington-Chinatown, picked by style, size and price.
Commercial retail$145,000C8 - 222 Spadina Avenue, TorontoKensington-ChinatownCourtesy of: RE/MAX HALLMARK REALTY LTD.View home →
Sale of business$119,0003 - 148 Spadina Avenue, TorontoWaterfront CommunitiesCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAMView home →
Sale of business$169,000409 Spadina Avenue, Toronto4 bath · Kensington-ChinatownCourtesy of: BAY STREET GROUP INC.View home →Courtesy of: BAY STREET GROUP INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.