$2,298,000
Available - For Sale
Listing ID: C11228323
380 Spadina Ave , Toronto, M5T 2G5, Ontario
| Prime 3-storey mixed-use investment opportunity on bright West side of Spadina Ave. Quality ground floor retailer with secure Lease (4 years remain) offers steady income stream + 2 recently renovated residential apartments on 2nd & 3rd floors. 2nd floor apartment vacant & 3rd floor apartment is M2M quality tenant. Fully leased this building generates over $11,350 per month or $136,200 annually in gross income. Recent 2023 upgrades to residential apartments include: vinyl flooring, new paint, new windows and skylights, laundry, new electric light fixtures, tile floors in washrooms, new furnace, & new building sewer line. This property offers high pedestrian & vehicular traffic and is steps to Kensington Market, the AGO, U of T, Chinatown, TTC access & quality retail. Development upside through potential future assembly of nearby properties & asset appreciation with future Ontario Line station at Queen & Spadina. **EXTRAS** Reach out to listing agents for income, tenant's rental terms & more info |
| Price | $2,298,000 |
| Taxes: | $27852.26 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 380 Spadina Ave , Toronto, M5T 2G5, Ontario |
| Postal Code: | M5T 2G5 |
| Province/State: | Ontario |
| Legal Description: | PT LT 6-7 PL D15 TORONTO AS IN WA94830; |
| Lot Size: | 17.08 x 91.00 (Feet) |
| Directions/Cross Streets: | Spadina & Baldwin |
| Category: | Retail |
| Building Percentage: | N |
| Total Area: | 3400.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 1870 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 1530 |
| Retail Area Code: | Sq Ft |
| Sprinklers: | N |
| Washrooms: | 3 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Sewers: | San+Storm |
| Water: | Municipal |
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| FOREST HILL REAL ESTATE INC. |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Kensington-Chinatown |
| Lot Size: | 17.08 x 91.00(Feet) |
| Tax: | $27,852.26 |
| Baths: | 3 |
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