388 Spadina Ave

5,027 SF 100% Leased Retail Building Toronto, ON M5T 1M2 £1,898,991 (£378/SF) 5.65% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Easily accessible.

EXECUTIVE SUMMARY

A prime two-storey commercial property located in the heart of Toronto’s vibrant Chinatown. This fully leased property benefits from institutional management and offers
a unique opportunity to acquire a strong cash flowing asset in one of the city’s most dynamic and culturally rich neighbourhoods.The ground and basement levels (3,261 SF) are
leased to Rol San Restaurant, a beloved Toronto institution that has been in business for over thirty years. The second level (1,766 SF) is leased to Mr. 8 Billiards, a popular pool hall that attracts a diverse clientele, further enhancing the property’s appeal.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,027 SF
Building Class
C
Year Built
1937
Price
£1,898,991
Price Per SF
£378
Net Initial Yield
5.65%
NOI
£107,268
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
11 ft
Building FAR
2.79
Lot Size
0.04 AC
Zoning
CR - CR 2.5 (c2.0; r2.0) SS2 (x1865)
Frontage
18 ft on Spadina Ave
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (100)

NEARBY MAJOR RETAILERS

The Famous Owl of Minerva
Tim Hortons
Sizzler
St. Louis Bar & Grill
Royal Bank of Canada
Margaritas Mexican Restaurant
Meridian
CIBC
Scotiabank
FreshCo
  • Listing ID: 34616374

  • Date on Market: 27/01/2025

  • Last Updated:

  • Address: 388 Spadina Ave, Toronto, ON M5T 1M2