388 Spadina Ave
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388 Spadina Ave
3,532 SF 100% Leased Retail Building Toronto, ON M5T 1M2 $2,769,314 USD ($784 USD/SF) 4.60% Cap Rate
Investment Highlights
- Fully-occupied, institutionally-managed asset
- Long-term tenants including one of Toronto’s most popular Chinese restaurants
- Future assembly and development potential
- Stable cash flow with future upside from contractual rent steps
- Excellent accessibility to transit via the TTC streetcar
Executive Summary
Metropolitan Commercial Realty Inc. is pleased to present the offering of 388 Spadina Ave, a unique opportunity to acquire an institutionally managed, fully-occupied property with strong contractual rental income from notable tenants, including one of Toronto's most popular Chinese restaurants.
Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area.
388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
Contact Listing Agent for Showings, Available Mon-Fri 9am-5pm With Minimum 24 Hr Notice. Listing Agent must be present for showings. Data Room Available Upon Request.
Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area.
388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
Contact Listing Agent for Showings, Available Mon-Fri 9am-5pm With Minimum 24 Hr Notice. Listing Agent must be present for showings. Data Room Available Upon Request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,532 SF
Building Class
C
Year Built
1937
Price
$2,769,314 USD
Price Per SF
$784 USD
Cap Rate
4.60%
NOI
$127,450 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.96
Land Acres
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
-
Power Broker Ming Zee -
Nick Nankissoor -
Metropolitan Commercial Realty Inc.
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388 Spadina Ave
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