380 Spadina Avenue, Toronto | Image 1

380 Spadina Avenue

Toronto, Kensington-Chinatown

  • Commercial

$2,298,000
For Sale

Added 3 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: R(d1*175), CR2.5

  • Age: No Data

  • Taxes: 27852.26

  • MLS®#: C11228323

  • Days on Site: 72 Days

  • Added: Nov 27, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: FOREST HILL REAL ESTATE INC.

Prime 3-storey mixed-use investment opportunity on bright West side of Spadina Ave. Quality ground floor retailer with secure Lease (4 years remain) offers steady income stream + 2 recently renovated residential apartments on 2nd & 3rd floors. 2nd floor apartment vacant & 3rd floor apartment is M2M quality tenant. Fully leased this building generates over $11,350 per month or $136,200 annually in gross income. Recent 2023 upgrades to residential apartments include: vinyl flooring, new paint, new windows and skylights, laundry, new electric light fixtures, tile floors in washrooms, new furnace, & new building sewer line. This property offers high pedestrian & vehicular traffic and is steps to Kensington Market, the AGO, U of T, Chinatown, TTC access & quality retail. Development upside through potential future assembly of nearby properties & asset appreciation with future Ontario Line station at Queen & Spadina. **EXTRAS** Reach out to listing agents for income, tenant's rental terms & more info

Extras

Reach out to listing agents for income, tenant's rental terms & more info

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: To Be Arranged

Inside

  • Bathrooms: 3

  • Air Conditioning: N

  • Washrooms: 3

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 6-7 PL D15 TORONTO AS IN WA94830; T/W WA94830; CITY OF TOR

  • Taxes: $27,852

  • Taxes Type: Annual

Land

  • Cross Street: Spadina & Baldwin

  • Municipality District: Toronto C01

  • Sewer: San+Storm

  • Lot Depth: 91 Feet

  • Lot Frontage: 17.08 Feet

  • Zoning: R(d1*175), CR2.5

Commercial Specific

  • Rail: N

  • Retail Area: 1530

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 3400

  • Total Area Metric: Sq Ft

  • Office Size: 1870

  • Office Size Metric: Sq Ft

  • Lot Code: Building

Map of 380 Spadina Avenue, Toronto
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