New Listing
380 Spadina Avenue , Toronto C01, ON M5T 2G5
Toronto C01, ON M5T 2G5
Description
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.
Details
| Mls | C11228323 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | New |
| Days On Site | 4 |
| Listing Provided By | FOREST HILL REAL ESTATE INC. | Not Provided |
Features
| Baths | 3 |
|---|---|
| Sq Feet | 3,400 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Zip Code | M5T 2G5 |
| Area | Kensington Chinatown |
| Listing VS Median (in M5T 2G5) | |
Price: $2,298,000 low | high Med: $3,094,000 SqFt: 3,400 low | high Med: 3,408 $ / SqFt: $676 low | high Med: $907 On Site: 4 low | high Med: 35.500000 | |