388 Spadina Avenue For Sale

Toronto, Kensington-Chinatown, M5T 2G5

$3,415,000

Description

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!

Location

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  • Address: 388 Spadina Avenue
  • Neighborhood: Kensington-Chinatown
  • City: Toronto
  • State: Ontario
  • Postal Code: M5T 2G5

Property Details

  • Property ID: C11934504
  • Property Price: $3,415,000
  • Style: Commercial/Retail, Retail
  • A/C: Y
  • Basement: Y
  • Heating: Gas Forced Air Closd
  • Taxes: $48,213.37 (2024)
  • Lot: 100.00x18.66 (Feet)

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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