466 Spadina Avenue, Toronto, ON M5T 2G8
Kensington-Chinatown, Toronto · Near Spadina Ave & College St · View map
About this home
Rare, once-in-a-lifetime opportunity to acquire a highly profitable, well-established convenience/variety store in the heart of downtown Toronto. Successfully operated by the same owner under the same landlord for 38 years; a true testament to its stability and profitability, now available due to retirement. Unbeatable high-traffic location all year round at Spadina Ave & College St, directly across from the University of Toronto (70,000+ students & staffs), steps from Kensington Market and China town, and right next door to the iconic El Mocambo live music venue. Under a 10-minute walk to Hospital Row and 700m to Queen's Park Subway Station, drawing massive daily foot traffic from students, locals, and tourists. Exceptional financial structure: sublease/rental income from other units in the building covers the store's entire rent, while steady Lotto commissions offset other operational expenses. Average gross sales of approx. $10,000/week with zero franchise fees or royalties. Tremendous upside potential for a new operator to boost revenue by introducing alcohol and vape sales. Includes a spacious basement for storage/expansion. Inventory is extra. Please do not visit the premises without an appointment.
The home
- Type
- Sale of business
- Lot size
- 28.3 x 134.2 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Partial
- Possession
- TBD
- Cross street
- Spadina Ave & College St
- Neighbourhood
- Kensington-Chinatown
More
- MLS® number
- C14178466
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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.
466 Spadina Avenue, Toronto, ON M5T 2G8
Kensington-Chinatown, Toronto · Near Spadina Ave & College St
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Listing history for 466 Spadina Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 466 Spadina Avenue
Answers come straight from this home’s MLS® listing.
How much is 466 Spadina Avenue listed for, and what would it cost each month?
466 Spadina Avenue is listed for $119,000. With 20% down ($23,800), the mortgage payment would be roughly $480 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $554 a month, all in. That figure is an illustration, not a quote.
Is 466 Spadina Avenue freehold or a condo, and is there a monthly fee?
466 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 466 Spadina Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 466 Spadina Avenue?
466 Spadina Avenue is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 466 Spadina Avenue, and what is the lot size?
The lot is listed as 28.3 x 134.2 ft.
How is 466 Spadina Avenue heated and cooled?
Heating is gas forced air open. Cooling is yes.
Where is 466 Spadina Avenue?
466 Spadina Avenue is in the Kensington-Chinatown community of Toronto. The nearest main intersection is Spadina Ave & College St. The postal code is M5T 2G8.
Is 466 Spadina Avenue still for sale?
Yes. It is an active listing (MLS® C14178466). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 466 Spadina Avenue asking?
Similar properties for sale nearby right now include 3 - 148 Spadina Avenue at $119,000, Upper - 261 Spadina Avenue at $99,000 and 382 Spadina Avenue at $139,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 466 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 466 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.
Sale of business$119,0003 - 148 Spadina Avenue, TorontoWaterfront CommunitiesCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAMView home →
Sale of business$99,000Upper - 261 Spadina Avenue, TorontoKensington-ChinatownCourtesy of: BAY STREET GROUP INC.View home →
Sale of business$139,900382 Spadina Avenue, TorontoKensington-ChinatownCourtesy of: BAY STREET GROUP INC.View home →Courtesy of: HOMELIFE LANDMARK REALTY 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.