Welcome to this remarkable commercial retail located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,688,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Rare Investment Opportunity to Acquire an Excellent 3-Story Mixed Use Solid Brick-Building In the Heart of Toronto's Dynamic Chinatown, Steps from the University of Toronto, Kensington Market And College St. & More. Positioned On the East Side of Spadina Avenue With a **24.75 Ft** Frontage and **126.71 Ft** Depth. This New Renovated Three-Storey Building Offers Over **3600 SqFt** of Total Space With **1,900 SqFt** Retail Area + **1,700 SqFt** Apartments On 2nd and 3rd Floor (++Extra 1,800 Sq. Ft. Basement). The Retail Main Floor Features **11 Ft & 9.5 Ft** Soaring Ceilings and Two Washrooms, Complemented By Highly Flexible Zoning. **900 SqFt** 2nd Floor Apartment Includes a Large Living Room With **10Ft** Ceiling Height, Two Bedrooms, a Brand-New Kitchen and Washroom, Plus a Generous Terrace (**800 SqFt** or so) With Sweeping City Views. **800 SqFt** 3rd Floor Apartment Offers a Large Living Room, Two Bedrooms, New Kitchen and Washroom With **9 Ft** Ceilings Throughout. The Property Has a Large Backyard, With Significant Potential to Reposition Existing GFA. Located In a Prime High-Traffic Corridor, Surrounded by Banks, Restaurants, and Retails, It Benefits From Both Heavy Pedestrian and Vehicular Exposure.
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Data-driven valuation for 349 Spadina Avenue, Toronto C01, ON M5T 2G3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,688,000 in Toronto, the legal minimum down payment is $537,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $53,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $53,675 also applies, bringing the total estimated land transfer taxes to $107,350.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.