ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
Toronto C01, ON M5T 2G5,388 Spadina AVE
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$3,100,000
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5,027 SqFt
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388 Spadina AVE Toronto C01, ON M5T 2G5

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,027 sqft

Price per Sqft $616

Subdivision Kensington-Chinatown

MLS Listing ID C12437637

Annual Tax Amount $49,232

Tax Year 2025

Property Sub-Type Investment

Property Description

Rare opportunity to secure an institutionally manage commercial asset on ne of the busiest stretches of Chinatown, steps to University of Toronto Camps. The ground floor is fully fixtured restaurant occupied by Rol San Restaurant, a neghbourhood staple who recently extended their lease. The second floor is vacant and provides a buyer the opportunity to add significant value or occupy it as an end user. Potential NOI is $198,754 which translates to a 6.4% cap rate. The property benefits from landlord termination rights. Further upside through future development assembly with multiple development applications submitted in the surrounding area due to future Ontario Line stop to the South. The total building area is 5,027 Square Feet; 3,416 SF Above Grade, plus 1,611 Sf of basement space.

Location

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Zoning CR - Commercial Residential

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 18.66

Lot Depth 100.0

Listed by CBRE LIMITED
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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388 Spadina AVE

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