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654 Spadina Ave
1,200 SF of Retail Space Available in Toronto, ON M5S 2H7
Highlights
- Prime retail location on Spadina Avenue
- Turn-key setup for food-related businesses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | 1-10 Years | $78.00 CAD/SF/YR $6.50 CAD/SF/MO $93,600 CAD/YR $7,800 CAD/MO | Full Service |
1st Floor
Excellent Turn-Key Property For Lease In A High Traffic Location Directly Across From The University Of Toronto Is Now Available For Lease. Suitable For Sandwich Place, Bakery, Coffee Shop, Juice Bar, Salad Bar Or Other. It Has A Basement & 2 Washrooms. The Premises Is Offered As Fully Equipped For Hot & Cold Food Preparation. 1 Parking At The Back. **** EXTRAS **** The Rent Is Gross Rent (TMI Included), Tenant To Assume Utilities Bills.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Basement
- Prime location, across from the U of T
- Fully equipped for hot & cold food preparation
- Includes basement & 2 washrooms
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 654 Spadina Ave , Toronto, ON M5S 2H7
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.5/1,000 SF |
| Gross Leasable Area | 3,947 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,947 SF |
| Year Built | 1890 |
| Parking Ratio | 0.5/1,000 SF |
About the Property
This turn-key retail property is located in a high-traffic area directly across from the University of Toronto, offering an exceptional opportunity for food-related businesses. It is fully equipped with all the necessary tools for hot and cold food preparation, making it an ideal space for a sandwich shop, bakery, coffee shop, or similar establishments. The premises also includes a basement and two washrooms for added convenience. The space comes with one parking spot at the rear of the building, and the property is fully air-conditioned with forced air heating. This commercial unit is available on a gross lease basis, with TMI included, and the tenant will be responsible for utility bills. It offers a prime location and is ready for immediate occupancy.
Nearby Major Retailers
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654 Spadina Ave
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