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380 Spadina Avenue Home For Sale Toronto (Kensington-Chinatown), Ontario M5T 2G5

C11228323

  • 380 Spadina AvenueToronto (Kensington-Chinatown), Ontario  M5T 2G5 - Photo 1 - C11228323
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3 Bathroom 3400 sqft
Other

$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:34792)

Property Details

MLS® Number C11228323
Property Type Retail
Community Name Kensington-Chinatown

Building

Bathroom Total 3
Appliances Dryer, Refrigerator, Stove, Washer
Heating Fuel Natural Gas
Heating Type Other
Size Exterior 3400 Sqft
Size Interior 3400 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Depth 91 Ft
Size Frontage 17 Ft
Size Irregular Bldg=17.08 X 91 Ft
Size Total Text Bldg=17.08 X 91 Ft
Zoning Description R(d1*175), Cr2.5 (c2;r2*1865)

https://www.realtor.ca/real-estate/27689054/380-spadina-avenue-toronto-kensington-chinatown-kensington-chinatown

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