ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5T 2G5,388 Spadina AVE
See all 6 photos
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
18
Apr
Sat
19
Apr
Sun
20
Apr
Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 3,415,000
Est. payment /mo
Save
Active

388 Spadina AVE Toronto C01, ON M5T 2G5

5,027 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,027 sqft

Price per Sqft $679

Subdivision Kensington-Chinatown

MLS Listing ID C11934507

Annual Tax Amount $48,213

Tax Year 2024

Property Sub-Type Investment

Lot Depth 100.0

Lot Front 18.66

Property Description

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. Priced at a 5.65% cap rate!

Location

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Zoning CR - Commercial Residential

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 18.66

Lot Depth 100.0

Others

Security Features No

Listed by CBRE LIMITED
agent

Jethro Seymour

Broker

+1(416) 712-0767

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The Seymour Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

388 Spadina AVE

TORONTO NEIGHBOURHOODS
There are 30 quick searches