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388 Spadina Avenue, Toronto C01, ON M5T 2G5, Toronto C01, Ontario

commercial · MLS® C12573318

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$3,100,000

MLS# C12573318

388 Spadina Avenue, Toronto C01, ON M5T 2G5

Toronto C01, Ontario M5T 2G5

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Year Built

New Listing· Listed null days on marketPopular· 60 views today
About This Property

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.

Property Details

Property Type

Commercial

Year Built

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Parking Spaces

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Location

Map View

388 Spadina Avenue, Toronto C01, ON M5T 2G5, Toronto C01, Ontario

About 388 Spadina Avenue, Toronto C01, ON M5T 2G5

This Commercial at 388 Spadina Avenue, Toronto C01, ON M5T 2G5 is listed for sale in Toronto C01, Ontario at $3,100,000.

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Toronto C01 is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this commercial represents a compelling opportunity in Toronto C01's real estate market.

MLS® number C12573318. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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Mortgage Calculator

$3,100,000

20% ($620,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$15,229

*Principal & Interest only. Does not include taxes or insurance.

Principal$2,480,000
Total Interest$2,088,811
Total Cost$5,188,811
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

416-275-0275Realtorjagtar@gmail.com
Contact About This Property

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