380 Spadina Avenue W Toronto (Kensington-Chinatown), Ontario M5T 2G5
$2,298,000
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 (id:49269)
Property Details
| MLS® Number | C11228323 |
| Property Type | Retail |
| Community Name | Kensington-Chinatown |
Building
| BathroomTotal | 3 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeExterior | 3400 Sqft |
| SizeInterior | 3400 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 91 Ft |
| SizeFrontage | 17 Ft |
| SizeIrregular | Bldg=17.08 X 91 Ft |
| SizeTotalText | Bldg=17.08 X 91 Ft |
| ZoningDescription | R(d1*175), Cr2.5 (c2;r2*1865) |
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November 27 2024 07:53:11
Toronto Real Estate Board
Forest Hill Real Estate Inc.