Home > All listings > 388 Spadina Avenue, Toronto, ON M5T 2G5

$3,415,000

388 Spadina Avenue, Toronto, ON M5T 2G5

Kensington-Chinatown, Toronto,

0  | 0  | 5,027 sq.ft. |
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Properties with this icon are courtesy of TRREB.

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 Info
MLS®: C11934504
Listing Courtesy of CBRE LIMITED
Floor Space 5027 5027
Lot Size 1866 sq.ft.
Last Updated 2025-01-21
Property Type Commerece
Listed Price $3,415,000
Unit Pricing $679/sq.ft.
Tax Estimate $48,213/Year
More Details
Water Supply Municipal
Foundation Sanitary+Storm Available
Summary
    Location and General Information
  • HoldoverDays: 90
  • Property Type: Commercial
  • Property Sub Type: Commercial Retail
    • Taxes and HOA Information
  • Tax Year: 2024
Interior and Exterior Features
    Interior Features
  • Cooling: Yes
  • HeatType: Gas Forced Air Closed
Property
    Utilities
  • Sewer: Sanitary+Storm Available
    • Property and Assessments
  • Building Area Total: 5027
  • Building Area Units: Square Feet
    • Lot Information
  • LotSizeUnits: Feet
  • LotDepth: 100
  • LotWidth: 18.66
Sold History
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