388 Spadina Ave
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388 Spadina Ave
5,027 SF 100% Leased Retail Building Toronto, ON M5T 1M2 $3,415,000 CAD ($679 CAD/SF) 5.65% Cap Rate
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.
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
$3,415,000 CAD
Price Per SF
$679 CAD
Cap Rate
5.65%
NOI
$192,902 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
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
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388 Spadina Ave
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