380 Spadina Ave
Toronto, M5T2G5
For Sale
$2,298,000
➧
➧
Retail
CATEGORY3,400 Sq Ft
TOTAL AREAC11228323
MLSIDContact Us
Property Description
Prime 3-storey mixed-use investment opportunity on bright West side of Spadina Ave. Quality ground floor retailer with secure Lease (4 years remain) offers steady income stream + 2 recently renovated residential apartments on 2nd & 3rd floors. 2nd floor apartment vacant & 3rd floor apartment is M2M quality tenant. Fully leased this building generates over $11,350 per month or $136,200 annually in gross income. Recent 2023 upgrades to residential apartments include: vinyl flooring, new paint, new windows and skylights, laundry, new electric light fixtures, tile floors in washrooms, new furnace, & new building sewer line. This property offers high pedestrian & vehicular traffic and is steps to Kensington Market, the AGO, U of T, Chinatown, TTC access & quality retail. Development upside through potential future assembly of nearby properties & asset appreciation with future Ontario Line station at Queen & Spadina.
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Extras
Reach out to listing agents for income, tenant's rental terms & more info
Property Details
Category
Retail
Zoning
R(d1*175), CR2.5 (c2;r2*1865)
Total Area
3,400 Sq Ft
Office/Apartment Area
1,870 Sq Ft
Retail Area
1,530 Sq Ft
Lot Size
17' x 91'
Taxes
$27,852 (2024)
Washrooms
3
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Listing contracted with Forest Hill Real Estate Inc.
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