388 Spadina Avenue, Toronto | Image 1

388 Spadina Avenue

Toronto, Kensington-Chinatown

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: CR - Commercial

  • Age: No Data

  • Taxes: 48213.37

  • MLS®#: C11934507

  • Days on Site: 2 Days

  • Added: Jan 21, 2025 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: CBRE LIMITED

Rare opportunity to secure an institutionally managed commercial asset on one of the busiest stretches of Chinatown, steps to University of Toronto Campus. The property is 100% leased. The ground floor is a fully fixtured restaurant occupied by Rol San Restaurant, a neighbourhood staple and the second floor is Mr. 8 Billiards. The property benefits from landlord termination rights and under market leases. Further upside through future development assembly with multiple development applications submitted in the surrounding area due to future Ontario Line stop to the South. The total building area is 5,027 Square Feet; 3,416 SF Above Grade, plus 1,611 SF of basement space. Priced at a 5.65% cap rate!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: Immediately

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $48,213

  • Taxes Type: Annual

Land

  • Cross Street: Spadina & Nassau

  • Municipality District: Toronto C01

  • Sewer: San+Storm Avail

  • Lot Depth: 100 Feet

  • Lot Frontage: 18.66 Feet

  • Zoning: CR - Commercial

Commercial Specific

  • Retail Area: 3377

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 5027

  • Total Area Metric: Sq Ft

  • Office Size: 1650

  • Office Size Metric: Sq Ft

  • Lot Code: Building

Map of 388 Spadina Avenue, Toronto
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