Available on mobile

Take Summitly with you.

Browse listings, get instant alerts, and talk to your AI concierge — all from your pocket.

Download on theApp StoreGet it onGoogle Play

Weekly market briefing

The smartest move starts here.

Curated listings, price trends, and neighbourhood insights — delivered Sunday morning.

Summitly

Your trusted partner in real estate. We help you find your perfect home, make informed decisions, and connect with expert professionals across Canada.

Explore

Map SearchBrowse ListingsBrowse RentalsSold HomesOpen Houses

Sell & Rent

Sell Your HomeHome ValuationList Your Rental — FreeRental PricingRenting on Summitly

Resources

CalculatorsGet Pre-QualifiedNews & InsightsGuidesBlogAI ConciergeFranchise

Company

AboutContactFind a RealtorCareers — Join SummitlyFAQs
310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

Privacy PolicyTerms of UseCookiesSitemap

Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

    Summitly Logo
    Buy
    Sell
    Rent
    Pre-con
    Meet ZaraMy HomeNews & Insights
    HomeBuySell
    For sale On market 29 days

    298 Spadina Avenue

    Kensington-Chinatown·Toronto, ON·M5T 2E7·Near Dundas St W/Spadina Ave

    • 8537 sqft
    Toronto real estate›C13148308
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Substantially re-built, institutional quality retail asset for sale at Dundas Street and Spadina Avenue. The property is anchored by McDonalds under a 20-year net lease with built-in rent escalations, providing predictable long term cash flow from an investment-grade tenant. The ground floor retail component is fully leased to two tenants and features 50 feet of prominent Spadina Avenue frontage. The building recently underwent comprehensive reconstruction and renovation in 2023, including new roof, HVAC systems, facade, exterior windows, and fully renovated second-floor space, effectively eliminating near-term capital requirements. Clear path to value creation and enhanced returns for investors through strategic lease-up of pristine, turnkey second floor space. Or prime opportunity for owner-user to establish presence at one of the busiest pedestrian intersections in Toronto.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    May 20, 2026ListedCurrentFor sale$9,975,000 —C13148308This page
    Apr 28, 2026Previously listedTer$30 —C13053194View
    Apr 23, 2025Previously listedTer$30 —C12107395View
    Jan 27, 2025Previously listedTer$30 —C11941598View
    Oct 5, 2024Previously listedTer$30 —C9390818View
    Oct 5, 2024Previously listedTer$30 —C9390822View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Heating
      Gas Forced Air Open
      Air conditioning
      Yes
      Water source
      Municipal
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 298 Spadina Avenue
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $49,004
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $4,453
    0.54% mill rate · ON
    The market

    How this home sits in the Toronto market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Toronto market right now

    Average sold price, days on market, and closed-transaction count for Toronto — sourced from MLS®.

    • Avg sold price
      $1,093,578
      Last 30 days
    • Median sold price
      $860,383
      Middle of the market
    • Days on market
      28 d
      Avg from list to close
    • Closed last 30d
      6,653
      MLS® transactions
    Full Toronto market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 298 Spadina Avenue — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 298 Spadina Avenue and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 298 Spadina Avenue listed for?

      298 Spadina Avenue is listed at $9,975,000 on the MLS® (listing C13148308). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 298 Spadina Avenue have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. Commercial Retail
  2. Asking
    $9,975,000
    $1168 / sqft · MLS® C13148308
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,093,578
    $1,006,092Confidence range$1,181,064
    Asking vs estimate
    ↑↑well-above
    +$8,881,422
    (+812.1%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Toronto sell in about 28 days — this one has been listed 29 days.

    Avg sold price
    $1,093,578
    Median sold
    $860,383
    Avg days on market
    28
    Recently sold
    6653
    See comparable sales
    Substantially re-built, institutional quality retail asset for sale at Dundas Street and Spadina Avenue.
  4. The ground floor retail component is fully leased to two tenants and features 50 feet of prominent Spadina Avenue frontage.
  5. Clear path to value creation and enhanced returns for investors through strategic lease-up of pristine, turnkey second floor space.
  6. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    None
  7. Lot & land

    1
    Zoning
    Commercial
  8. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Retail
    Property class
    Commercial Retail
  9. Combined estimate
    $53,457
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $49,004
    /mo
    based on the purchase price of $9,975,000
    $1,995,000 cash
    $7,980,000 financed
    $6,721,255 total interest
    Monthly payment$49,004/ month
    Principal54%$7,980,000
    Interest46%$6,721,255

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable commercial retails that just sold in Toronto

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 2455 St Clair Avenue
      Sold
      Sign in for price
      2455 St Clair Avenue
      Commercial Retail
    AddressBd / BaSqftSold$/sqft% of askSold
    298 Spadina AvenueThis home0 / 08,537$9,975,000ask$1168——
    2455 St Clair Avenue0 / 02,560—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More commercial retails in Toronto

    Active listings within ±20% of this asking price.

    • 112 Scollard Street
      $9,500,000
      112 Scollard Street
      Commercial Retail
    • 356 Queen Street
      $8,250,000
      356 Queen Street
      Commercial Retail
    • 3601 Lawrence Avenue
      $10,999,000
      3601 Lawrence Avenue
      Commercial Retail
    • 2847-53 Lake Shore Boulevard
      $9,300,000
      2847-53 Lake Shore Boulevard
      Commercial Retail
    • 5169&5171 Yonge Street
      $11,888,888
      5169&5171 Yonge Street
      Commercial Retail
    • 83-91B Walnut Avenue
      $9,395,000
      83-91B Walnut Avenue
      Commercial Retail
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  10. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  11. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  12. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  13. Public listing courtesy of JONES LANG LASALLE REAL ESTATE SERVICES, INC. · displayed on Summitly per MLS® data-share rules

    298 Spadina Avenue is a 8537 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  14. When was 298 Spadina Avenue built?

    The year built for 298 Spadina Avenue isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  15. What is the property tax for 298 Spadina Avenue?

    The 'Property tax' tab in the History section shows the most recent annual tax for 298 Spadina Avenue plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  16. How much would the monthly mortgage be on 298 Spadina Avenue?

    The affordability calculator on this page shows an estimated monthly mortgage for $9,975,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  17. Has 298 Spadina Avenue been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 298 Spadina Avenue with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  18. What neighbourhood is 298 Spadina Avenue in?

    298 Spadina Avenue is in Kensington-Chinatown, Toronto. The 'Neighbourhood' section below links to the live Toronto real estate hub with average sold price, days on market, and current inventory.

  19. Is Toronto a good place to live?

    Toronto is one of ON's actively-tracked Summitly markets. The full Toronto real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.