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

Subdivision Kensington-Chinatown

MLS Listing ID C12573318

Annual Tax Amount $49,232

Tax Year 2025

Property Sub-Type Investment

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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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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