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388 Spadina AVE Toronto, ON M5T 2G5
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Kensington-Chinatown
MLS Listing ID C12573318
Annual Tax Amount $49,232
Tax Year 2025
Property Sub-Type Investment
Lot Depth 100.0
Lot Front 18.66
Property Description
Rare opportunity to buy an institutionally managed commercial asset on one of the busiest stretches of Chinatown and steps from University of Toronto's Campus. The property is 100% leased and offers a buyer a going in yield of 6.4% and has a WALT of 6.6 years. The ground floor is a leased to Rol San who has been a neighborhood favorite for over 30 years and the second floor is leased to Clutch games, a popular hobby and collectibles store. The leases contain rental escalations, and the property offers future development potential. The total building area is 5,027 Square Fee; 3,416 SF Above Grade, plush 1,611 SF of basement space.
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Zoning CR 2.5 (c2.0; r2.0) SS2 (x1865)
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 18.66
Lot Depth 100.0
Others
ParcelsYN No
Listed by CBRE LIMITED
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