Home · Buy · Toronto C01 · 158 Augusta Avenue, Toronto, ON M5T 2L5
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For Sale · Commercial Retail
158 Augusta Avenue, Toronto, ON M5T 2L5
Toronto C01 · Kensington-Chinatown
Outside/Surface garage
0
Beds
—
Baths
3
Parking
6464 sq ft
Sq ft
—
Built
The honest picture
List price
$4,200,000
Renavu Estimate
—
Benchmark · All homes
$621,300
Listed 576% above the Kensington-Chinatown benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
Excellent opportunity for investor or owner-occupier. Located within historic Kensington Market, a busy commercial area that has long been an iconic shopping, foodie, hangout and tourist destination. Kensington Market is one of Toronto's most vibrant neighbourhoods, and a centre of Toronto's cultural life. Subject property is a corner lot, 2-storey commercial building of 6,464 sq. ft. with rarely-found 4 surface parking spaces. The main floor is owner-occupied as a well-established hardware store while the 2nd floor is leased as an arcade entertainment venue called "Midnight Arcade". Hardware store can stay or vacate. CAC & heating are available to the 2nd floor. Size does not include high & dry basement. Significant potential for expansion with unused lot area. Very high foot traffic within a walkable community. Within walking distance to Chinatown and Toronto Western Hospital. Adjacent to Queen Street West and Lower Annex neighborhoods, and very close to University of Toronto. Public transit accessible, including the 505 streetcar running along Dundas St. West. Must see! Don't miss out! Turn Key Investment Opportunity, Hardware Store Can Be Sold Separately Or Be Vacant On Closing.
Property details
Listed on
March 12, 2026
Days on market
134 days
Property tax
$53,928.77 (2025)
Lot
32.08 × 124 Feet
Heating
Baseboard
Cooling
No
MLS®
C12875310
Full details
Parking
GarageOutside/Surface
Total parking3
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$91,475
Toronto municipal LTT$105,475
Legal · title · inspection$2,800
Closing costs$199,750
Down payment$840,000
Total cash to close$1,039,750
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.