$4,200,000
FOR SALE

Commercial/Retail

Lot: 32.08 x 124 ft
2025 Taxes: $53,928.77

158 Augusta Ave
Toronto, ON M5T 2L5 | Kensington-Chinatown

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.
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Listed By HOMELIFE BROADWAY REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12875310
Last Updated Mar 12, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Legal Description LT 7-8 PL 753 CITY WEST; CITY OF TORONTO
Possession Date TBA
Taxes (2025) $53,928.77
Directions/Cross Streets Dundas / Augusta
Neighbourhood Kensington-Chinatown
Area Toronto
Price History

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Detailed Information
Lot 32.08 x 124 ft
Air Conditioning No
Basement Basement
Garage Type Outside/Surface
Parking Spaces 3
Heat Type Baseboard
Sewers Sanitary+Storm Available

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