Added 2 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Zoning: CR 2.5 (c2.0; r2
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Age: No Data
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Taxes: 48213.37
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MLS®#: C9366647
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Days on Site: 78 Days
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Added: Sep 25, 2024 (2 months ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: METROPOLITAN COMMERCIAL REALTY INC.
Metropolitan Commercial Realty Inc. is pleased to present the offering of 388 Spadina Ave, a unique opportunity to acquire an institutionally managed, fully-occupied property with strong contractual rental income from notable tenants, including one of Toronto's most popular Chinese restaurants. Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area. 388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
Extras
The total building area is 5,027 Square Feet. 3,416 SF Above Grade, Plus 1,611 SF of basement space. Basement is currently used by the main floor tenant for storage, including a walk in Cooler.
Property
Status: Sale
Property Type: Commercial/Retail
Property Type: Retail
Area: Toronto
Community: Kensington-Chinatown
Availability Date: TBD
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Closd
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $48,213
Taxes Type: Annual
Land
Cross Street: Spadina Ave & Dundas
Municipality District: Toronto C01
Lot Depth: 99 Feet
Lot Frontage: 18 Feet
Zoning: CR 2.5 (c2.0; r2
Additional Media
- Virtual Tour: https://listings.airunlimitedcorp.com/videos/01921b6a-c7e0-7398-b7c5-3cefc2d40bcd?v=86
Commercial Specific
Retail Area: 3416
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 3416
Total Area Metric: Sq Ft
Lot Code: Lot
Downtown Vocal Music Academy of Toronto
Elementary: Publicda Vinci School
Elementary: PublicBeverley School
Elementary: PublicKensington Community School School Junior
Elementary: PublicLord Lansdowne Junior and Senior Public School
Elementary: PublicRyerson Community School Junior Senior
Elementary: PublicOasis Alternative
Secondary: PublicSubway Academy II
Secondary: PublicHeydon Park Secondary School
Secondary: PublicContact Alternative School
Secondary: PublicSt Joseph's College School
Secondary: CatholicCentral Technical School
Secondary: Public
- — bath
- — bed
206 Carlton Street, Toronto, Ontario • M5A 2L1 • Cabbagetown-South St. James Town
