$3,890,000
FOR SALE

Commercial/Retail

Lot: 18 x 99 ftTotal Area: 3,416 ft2
2024 Taxes: $48,213.37

388 Spadina Ave
Toronto, ON M5T 2G5 | Kensington-Chinatown

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.
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Listed By METROPOLITAN COMMERCIAL REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9366647
Last Updated Sep 25, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Retail
Occupancy Tenant
Possession Date TBD
Taxes (2024) $48,213.37
Tax Type Annual
Directions/Cross Streets Spadina Ave & Dundas St W
Neighbourhood Kensington-Chinatown
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Lot 18 x 99 ft
Retail Area 3,416 ft2
Total Area 3,416 ft2
Air Conditioning Y
Garage Type None
Heat Type Gas Forced Air Closd
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning CR 2.5 (c2.0; r2.0) SS2 (x1865)
Seller Property Info Statement N

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