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$2,298,000
Available - For Sale
Listing ID: C11228323
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: $27,852.26
Tax Type: Annual
Occupancy by: 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 (Feet)
Directions/Cross Streets: Spadina & Baldwin
Zoning: R(d1*175), CR2.5
Category: Retail
Building Percentage: N
Total Area: 3,400
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
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: N
Elevator Lift: None
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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FOREST HILL REAL ESTATE INC.

380 Spadina Ave , Toronto, M5T 2G5, Ontario

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Commercial/Retail
Area: Toronto
Municipality: Toronto
Neighbourhood: Kensington-Chinatown
Style:
Lot Size: 17.08 x 91.00(Feet)
Approximate Age:
Tax: $27,852.26
Maintenance Fee: $0
Beds:
Baths: 3
Garage: 0
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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