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Home ON Greater Toronto Area Toronto Old Toronto Kensington
388 SPADINA AVENUE
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388 SPADINA AVENUE $3,890,000
$3,890,000
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388 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario M5T2G5

MLS® Number: C9366647

Listing Description

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. **** EXTRAS **** 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. (36831908)

Location Description

Spadina Ave & Dundas St W

Property Summary

Property Type
Retail
Community Name
Kensington-Chinatown
Land Size
18 x 99 FT
Annual Property Taxes
$48,213.37
Time on REALTOR.ca
84 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water

Measurements

Square Footage
3416 sqft

Land

Lot Features
Frontage
18 ft
Land Depth
99 ft
Other Property Information
Zoning Description
CR 2.5 (c2.0; r2.0) SS2 (x1865)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
NICK NANKISSOOR