$3,890,000
Available - For Sale
Listing ID: C9366647
388 Spadina Ave , Toronto, M5T 2G5, Ontario
| 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. |
| 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. |
| Price | $3,890,000 |
| Taxes: | $48213.37 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 388 Spadina Ave , Toronto, M5T 2G5, Ontario |
| Postal Code: | M5T 2G5 |
| Province/State: | Ontario |
| Lot Size: | 18.00 x 99.00 (Feet) |
| Directions/Cross Streets: | Spadina Ave & Dundas St W |
| Category: | Retail |
| Building Percentage: | N |
| Total Area: | 3416.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 3416 |
| Retail Area Code: | Sq Ft |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| METROPOLITAN COMMERCIAL REALTY INC. |
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The Bhangoo Group
ReSale & PreSale
Bus:
905-783-1000
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Kensington-Chinatown |
| Lot Size: | 18.00 x 99.00(Feet) |
| Tax: | $48,213.37 |
Locatin Map:
Payment Calculator:
Avtar Bhangoo
Broker a.bhangoo@yahoo.com NSD, Brokerage Independently owned and operated. 1 Gateway Blvd Suite #200, Brampton , Ontario L6T0G3 Office: 905-783-1000 Cell: 416-618-0119
Aman Bhangoo
Broker a.bhangoo@yahoo.com NSD, Brokerage Independently owned and operated. 1 Gateway Blvd Suite #200, Brampton , Ontario L6T0G3 Office: 905-783-1000 Cell: 647-407-9500
