location_on 388 Spadina Ave, Toronto

Commercial/retail

388 Spadina Ave

Toronto, Ontario M5T 2G5

$3,415,000

For Sale

Property Information

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.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : C11934504
Price : $3,415,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 0
Address
Postal Code : M5T 2G5
City : Toronto
Street : Spadina
Street Number : 388
Street Suffix : Ave
Floor Number : 0
Longitude : W80° 36' 2.4''
Latitude : N43° 39' 19.6''
Features
Heating System : Gas Forced Air Closd
Brokerage
Office Name : CBRE LIMITED
Extra Information
Air Conditioning : Y
Area : Toronto
living_area : 0
living_area_unit : Sqft
Community : Kensington-Chinatown
Lease : Sale
Tax Year : 2024

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388 Spadina Ave Toronto, Ontario M5T 2G5