ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5T 2G5,388 Spadina AVE
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Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
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Jamie Black

Jamie Black

+1(416) 347-9383
$ 3,415,000
Est. payment /mo
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Active

388 Spadina AVE Toronto C01, ON M5T 2G5

5,027 SqFt

UPDATED:

01/23/2025 09:44 PM

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 5,027 sqft

Price per Sqft $679

Subdivision Kensington-Chinatown

MLS Listing ID C11934504

Annual Tax Amount $48,213

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

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

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Zoning CR - Commercial Residential

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 18.66

Lot Depth 100.0

Others

Security Features No

Listed by CBRE LIMITED
agent

Jamie Black

Sales Representative

+1(416) 347-9383

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388 Spadina AVE

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