388 Spadina Ave
Toronto, M5T2G5
For Sale
$3,890,000
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➧
Retail
CATEGORY3,416 Sq Ft
TOTAL AREAC9366647
MLSIDContact Us
Property Description
Metropolitan Commercial Realty Inc. is pleased to present the offering of 388 Spadina Ave, a unique opportunity to acquire an institutionally managed, fully-occupied property with strong contractual rental income from notable tenants, including one of Toronto's most popular Chinese restaurants. Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area. 388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
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Extras
The total building area is 5,027 Square Feet. 3,416 SF Above Grade, Plus 1,611 SF of basement space. Basement is currently used by the main floor tenant for storage, including a walk in Cooler.
Property Details
Category
Retail
Zoning
Cr 2.5 (C2.0; R2.0) Ss2 (X1865)
Total Area
3,416 Sq Ft
Retail Area
3,416 Sq Ft
Lot Size
18' x 99'
Taxes
$48,213 (2024)
Air Conditioning
Yes
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Listing contracted with Metropolitan Commercial Realty Inc.
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