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1st & 2nd Floor 318 Spadina Avenue
Kensington-Chinatown Toronto M5T 2E7

$239,000 /For Sale
Commercial

Main Photo: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 1: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 2: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 3: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 4: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 5: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 6: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 7: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 8: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 9: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 10: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 11: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 12: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 13: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 14: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 15: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 16: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 17: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 18: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 19: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 20: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Photo 21: 1st & 2nd Floor 318 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13579860
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13579860
Bus Major:
Restaurant
Excellent Opportunity to Own a Busy Restaurant in Chinatown! Prime high-traffic location with excellent exposure and a large outdoor billboard sign. Features a fully equipped commercial kitchen suitable for all types of cuisines. Main floor restaurant plus a second-floor apartment with 3 rooms and a full basement. The second-floor rooms are currently rented, providing additional rental income. With LLBO license. Recently renovated with walk-in cooler & freezer and quality equipment throughout. Turnkey operation. Seller willing to provide training. Great opportunity for owner-operators or investors. The second floor can be owner-occupied or continue to be leased, currently generating $2,355/month in sublease income to help offset the gross rent. All Chattel And Equipment Are Included.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
2500 sq. ft. Square Feet
Total Area:
2,500 sq. ft.
Retail Area:
1500 sq. ft. Sq Ft
Office/Apt Area:
1000 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Possession Details:
TBA
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$1 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
The second floor can be occupied or continue to sub-lease, currently generating $2,355/month in sublease income to help offset the gross rent of $12,883/month ( Include Tmi & Hst ). Lease Term Till August 31st, 2028 And Another 5 Years Renewable.
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Business/Building Name:
Shi Miao Dao Yunnan Rice Noodle
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
10:30-22
Employees:
5
Chattels:
Yes
LLBO:
Yes
Seats:
50
Date Listed:
Jul 18, 2026
Original Price:
Previous Price:
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Listed by BAY STREET GROUP INC.
Data was last updated July 18, 2026 at 03:15 AM (UTC)
Amy Williamson
Jesse Boyer
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