CAONTorontoKensington-Chinatown388 Spadina Ave
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388 Spadina Ave, Toronto, ON

Real Estate

For Sale

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000

MLS® C12573358

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $49,232
Days Active 27
Approx. Age 
MLS® Number C12573358

Property Address: 388 Spadina Ave, Toronto, ON, M5T2G5

Average square foot calculated using Size range provided by listing agent.

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 Feet: 3, 416 SF Above Grade, plush 1, 611 SF of basement space.Show Description
MLS® NumberC12573358
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Price History

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Starting Address
Destination Address
388 Spadina Ave, Toronto, ON

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