388 Spadina Ave

Toronto C01 | Kensington-Chinatown | M5T 2G5
  • 5027.0 sqft
  • 0 gar

$3,415,000

Est. Mtg $11,579 /mo
  • Days on market

    74

  • Status

    A

Listing Broker CBRE LIMITED
Since listed: 1 views

Home details

MLS #:

C11934507

Property type:
Investment
Style:
Taxes:
$48,213
Possession:
Immediately
Condo Fee:
Lot Size:
18.66 X 100.0
Zoning:
CR - Commercial Residential
Use:
Heat:
Gas Forced Air Closd

Description


388 Spadina Ave, , Toronto, Ontario is a Investment property in Toronto C01 and in the Kensington-Chinatown community in the M5T 2G5 postal code


Rare opportunity to secure an institutionally managed commercial asset on one of the busiest stretches of Chinatown, steps to University of Toronto Campus. The property is 100% leased. The ground floor is a fully fixtured restaurant occupied by Rol San Restaurant, a neighbourhood staple and the second floor is Mr. 8 Billiards. The property benefits from landlord termination rights and under market leases. 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. Priced at a 5.65% cap rate!.

Extras

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Payment calculator

$15597 monthly. In association with: TD Bank
%
  • Principal and Interest
    11579 /mo
  • Property Taxes
    $4017 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ali Norouzi, Realtor

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