Upper - 261 Spadina Avenue, Toronto, ON M5T 2E3
Kensington-Chinatown, Toronto · Near Dundas / Spadina · View map
About this home
LOCATION! LOCATION! LOCATION! Prime Commercial Location Near The Corner Of Spadina Ave & Dundas St W In The Heart Of Chinatown, One Of Toronto's Most Popular Tourist And Dining Areas. Excellent Exposure With Heavy Pedestrian And Vehicular Traffic. Brand New Renovation, High Ceilings, An Open-Concept Layout, And A Dedicated VIP Room. Fully Equipped Commercial Kitchen With Walk-In Cooler & Freezer And All Essential Restaurant Equipment In Place. Licensed For 118 Seats Under LLBO, Offering Excellent Potential For A Variety Of Restaurant, Bar, Or Food Concepts. Wide Sidewalk At The Front And An Easy Loading Area At The Rear Accessible Via A Common Laneway. Surrounded By A Busy Mix Of Restaurants, Retailers, And Dining Establishments. Turnkey Opportunity In A Highly Sought-After Chinatown Location!
The home
- Type
- Sale of business
- Square footage
- 2700 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
- TBA
- Cross street
- Dundas / Spadina
- Neighbourhood
- Kensington-Chinatown
More
- MLS® number
- C13769560
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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.
261 Spadina Avenue, Toronto, ON M5T 2E3
Kensington-Chinatown, Toronto · Near Dundas / Spadina
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Listing history for 261 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 Upper - 261 Spadina Avenue
Answers come straight from this home’s MLS® listing.
How much is Upper - 261 Spadina Avenue listed for, and what would it cost each month?
Upper - 261 Spadina Avenue is listed for $99,000. With 20% down ($19,800), the mortgage payment would be roughly $399 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $399 a month, all in. That figure is an illustration, not a quote.
Is Upper - 261 Spadina Avenue freehold or a condo, and is there a monthly fee?
Upper - 261 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 Upper - 261 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 Upper - 261 Spadina Avenue?
Upper - 261 Spadina Avenue is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is Upper - 261 Spadina Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for Upper - 261 Spadina Avenue?
Property taxes are $1 a year (2025), or about $0 a month.
Where is Upper - 261 Spadina Avenue?
Upper - 261 Spadina Avenue is in the Kensington-Chinatown community of Toronto. The nearest main intersection is Dundas / Spadina. The postal code is M5T 2E3.
Is Upper - 261 Spadina Avenue still for sale?
Yes. It is an active listing (MLS® C13769560). Listings here update from the board through the day and come down once a home sells.
What are similar properties near Upper - 261 Spadina Avenue asking?
Similar properties for sale nearby right now include 139 - 222 Spadina Avenue at $79,900, 3 - 148 Spadina Avenue at $119,000 and 412 Spadina Avenue at $70,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 261 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 Upper - 261 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$79,900139 - 222 Spadina Avenue, TorontoKensington-ChinatownCourtesy of: RE/MAX EXCELLENCE REAL ESTATEView home →
Sale of business$119,0003 - 148 Spadina Avenue, TorontoWaterfront CommunitiesCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAMView home →
Commercial retail$70,000412 Spadina Avenue, TorontoKensington-ChinatownCourtesy of: SQUARE YARDS REAL ESTATE 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.