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Est. payment | /mo
16,533 SqFt
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Est. payment | /mo
16,533 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 16,533 sqft
Municipality Toronto C01
Subdivision Kensington-Chinatown
MLS Listing ID C12989556
Annual Tax Amount $78,042
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Rare opportunity to acquire a three-building retail and mixed-use assembly on a prime block of Kensington Avenue. The properties span multiple frontages with rear laneway access, offering steady in-place income and strong redevelopment potential on top of existing retail value in a tightly held urban retail corridor. 33 Kensington Ave includes a retail unit with lower level leased to Uncle Vintage, with an approx. 3-bedroom apartment above, leased month-to-month. Approx. GFA:3,401 SF. All leases are flexible, providing strong and steady in-place income with near-term leasing and repositioning upside. The offering also includes a separate land parcel at 23 St. Andrews Street, currently improved with surface parking spaces, leased month-to-month, generating additional income while preserving future development flexibility. The assembly spans multiple retail frontages across a combined land area, creating a rare opportunity to acquire scale with meaningful redevelopment potential in addition to proven retail fundamentals in one of Toronto's most supply-constrained retail markets.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Zoning CR2(c2;r1.5*2457)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Depth 294.0
Others
Security Features Partial
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
Nearby Locations
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