388 Spadina Avenue Sold Invalid date

Toronto, Kensington-Chinatown, M5T 2G5

$3,890,000$000000

Description

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.

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.

Location

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

Property Video

Property Details

  • Property ID: C9366647
  • Property Price: $3,890,000
  • Style: Commercial/Retail, Retail
  • A/C: Y
  • Heating: Gas Forced Air Closd
  • Taxes: $48,213.37 (2024)
  • Lot: 99.00x18.00 (Feet)

Contact Manoj Kukreja

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

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