For Sale · Retail

2 KENSINGTON AVENUE, Toronto (Kensington-Chinatown)

2 KENSINGTON AVENUE, Toronto (Kensington-Chinatown), ON M5T2J7

$1.7M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

87%

About this property

Fantastic mixed-use investment opportunity in the heart of Kensington Market, one of Toronto's most iconic and vibrant neighbourhoods! Features a main-floor retail storefront with a front patio facing Kensington Avenue, a rear residential apartment with a private patio, and a spacious 3-bedroom apartment spanning the second and third floors with a private terrace. Includes 2 parking spaces. Kensington Market is known for its eclectic mix of independent boutiques, vintage shops, specialty food markets, restaurants, and cafés, attracting locals and tourists year-round. Excellent pedestrian traffic and convenient TTC access. Steps to Chinatown, University of Toronto, and downtown. An exceptional opportunity for investors and end users in this highly sought-after neighbourhood! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.70M
Down payment30% · $510K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$86K

Annual cash flow

$-8K

Cash-on-cash

-1.51%

DSCR

0.92

Going-in cap

5.09%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

142,330

Households

50,908

Median income

$65,000

Median age

39.7

Daytime population

171,996

5-yr growth

2.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2 KENSINGTON AVENUE, Toronto (Kensington-Chinatown).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.