309-311 Augusta Avenue (the “Property”) is a rare 1-storey commercial building with over 45 feet of frontage in Kensington Market, one of Toronto’s most vibrant and historic neighbourhoods. The 4,461 SF building, with a large basement for storage, is demised into two commercial units, currently occupied by a bicycle store and coin laundry, providing in-place income. Investors can re-lease both spaces for higher rents or occupy one unit and re-lease the other; or redevelopment the Property into a 4-storey, 18,130 SF building that would command strong rental rates. Kensington Market’s high foot traffic, diverse retail mix, and cultural energy attract both locals and tourists, making this an exceptional retail and investment opportunity. The Property’s longstanding tenants (50+ years collectively) underscore its appeal in this sought-after location.