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Home ON Greater Toronto Area Toronto Old Toronto Kensington Kensington-Chinatown
388 SPADINA AVENUE
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388 SPADINA AVENUE $3,100,000
$3,100,000
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388 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario M5T2G5

MLS® Number: C12573318

Listing Description

Rare opportunity to buy an institutionally managed commercial asset on one of the busiest stretches of Chinatown and steps from University of Toronto's Campus. The property is 100% leased and offers a buyer a going in yield of 6.4% and has a WALT of 6.6 years. The ground floor is a leased to Rol San who has been a neighborhood favorite for over 30 years and the second floor is leased to Clutch games, a popular hobby and collectibles store. The leases contain rental escalations, and the property offers future development potential. The total building area is 5,027 Square Fee; 3,416 SF Above Grade, plush 1,611 SF of basement space. (41706539)

Location Description

Spadina and College

Property Summary

Property Type
Business
Community Name
Kensington-Chinatown
Land Size
Bldg=18.66 x 100 FT
Annual Property Taxes
$49,232.44
Time on REALTOR.ca
21 days

Building

Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water

Measurements

Square Footage
5027 sqft
Exterior Building Size
5027 sqft

Land

Lot Features
Frontage
18 ft ,7 in
Land Depth
100 ft
Other Property Information
Zoning Description
CR 2.5 (c2.0; r2.0) SS2 (x1865)
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JACKSON RYAN TURNER