107&8-222 Spadina Avenue, Toronto | Image 1

107&8-222 Spadina Avenue

Toronto, Kensington-Chinatown

  • Commercial

$630,000
For Sale

Added 2 weeks ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Retail Store Related

  • Zoning: N/A

  • Age: No Data

  • Taxes: 6000

  • MLS®#: C11882728

  • Days on Site: 2 Days

  • Added: Dec 03, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.

Unlock the potential of a premium retail investment in the heart of Torontos Chinatown. Units 107 and 108 at 222 Spadina Avenue offer a rare chance to own a piece of this vibrant cultural and commercial hub, with both spaces already tenanted by established businesses, ensuring immediate income stability. Units can also be acquired separately for $315,000 each! Key Features: Stable Tenancies: Unit 108: Tenanted by Chatr Mobile, a recognized brand in telecommunications. Unit 107: Occupied by Ape & Frog Collective Community Makespace and Studio, a unique and creative tenant contributing to the cultural diversity of the area. Prime Location: Situated within the bustling Chinatown Centre, steps from Spadina and Dundas, offering unmatched visibility and access to heavy pedestrian traffic, TTC streetcar lines, and nearby cultural landmarks. Stable Cash Flow: reliable tenants, providing consistent rental income and minimal downtime risk. Diverse Community: Located in a dynamic area surrounded by authentic dining, retail, and cultural destinations, drawing locals, tourists, and creatives alike.Turnkey Investment: Ideal for investors seeking a stable income-generating property with tenants already in place, minimizing management hassle. This is a rare opportunity to acquire income-producing retail units in one of Toronto's most dynamic and enduring commercial districts. Whether you're a seasoned investor or building your portfolio, this property delivers excellent value in a high-demand market. Don't miss your chance to own in the heart of Chinatown-secure this exceptional investment today! Units can be purchased individually or together.

Property

  • Status: Sale

  • Type: Retail Store Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: Flex

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: MTCP 1049 Level 1 Unit 7; MTCP 1049 Level 1 Unit 8

  • Taxes: $6,000

  • Taxes Type: N/A

Land

  • Cross Street: Dundas & Spadina

  • Municipality District: Toronto C01

  • Parcel Number: 120490008

  • Lot Depth: 1 Feet

  • Lot Frontage: 1 Feet

  • Zoning: N/A

Commercial Specific

  • Retail Area: 311

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 622

  • Total Area Metric: Sq Ft

  • Lot Code: Unit

4-8

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