380 Spadina Avenue For Sale

Toronto, Kensington-Chinatown, M5T 2G5

$2,298,000

Description

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.

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

Location

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  • Address: 380 Spadina Avenue
  • Neighborhood: Kensington-Chinatown
  • City: Toronto
  • State: Ontario
  • Postal Code: M5T 2G5

Property Details

  • Property ID: C11228323
  • Property Price: $2,298,000
  • Style: Commercial/Retail, Retail
  • Bath: 3
  • A/C: N
  • Basement: Y
  • Heating: Gas Forced Air Open
  • Taxes: $27,852.26 (2024)
  • Lot: 91.00x17.08 (Feet)

Property History

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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