Free account required
8
Free account required
$3,100,000 Sale
Listed 15 hours ago
388 Spadina Avenue
· 0
· 0
· -
· -
Key Facts
Key facts for 388 Spadina Avenue
Property Type
Commercial
Parking
None
MLS #
C12437637
Size
-
Basement
-
Listed on
2025-10-01
Lot size
19 x 100.0
Tax
$49,232.44 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
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 f...loor 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.
Similar Properties (No results)
Courtesy of: CBRE LIMITED