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388 Spadina Avenue
Kensington-Chinatown Toronto M5T 2G5

$3,415,000 /For Sale
Commercial

Main Photo: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 1: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 2: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 3: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 4: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 5: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Photo 6: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C11934504
Bus Major:
Retail Store Related
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.
Property Type:
Commercial
Commercial Type:
Commercial/Retail
Depth:
100'
Frontage:
18'8"
Total Area:
5,027 sq. ft.
Retail Area:
5,027 sq. ft.
Zoning:
CR - Commercial Residential
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Possession Details:
Immediately
Taxes:
$48,213.37 / 2024
Assessment:
$- / -
Kensington-Chinatown
Utilities:
Y
Water supply:
Municipal
Sewer:
San+Storm Avail
Seller Property Info Statement:
No
Air Conditioning:
Y
Log/Bldg/Unit Code:
Building
Sprinklers:
No
Type Taxes:
Annual
Category:
Retail
Major Business Type:
Retail Store Related
Freestanding:
Yes
Date Listed:
Jan 22, 2025
Original Price:
$3,415,000
  • Photo 1: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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  • Photo 2: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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  • Photo 3: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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  • Photo 4: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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  • Photo 5: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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  • Photo 6: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C11934504
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Listed by CBRE LIMITED
Data was last updated January 22, 2025 at 06:55 AM (UTC)
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