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388 Spadina Ave 5,027 SF 100% Leased Retail Building Toronto, ON M5T 1M2 $3,100,000 CAD ($616.67 CAD/SF) 6.42% Cap Rate
Investment Highlights
- Flexible offering with stable cash flow for investors or owner-users.
- Ground and basement levels are leased to Rol San Restaurant until December 2032, a Toronto staple that has been operational for more than 3 decades.
- Future assembly/development potential.
- Institutionally managed and recent capital investment.
- Excellent access to transit and within walking distance to the University of Toronto.
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
$3,100,000 CAD
Price Per SF
$616.67 CAD
Cap Rate
6.42%
NOI
$198,999 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
2.89
Lot Size
0.04 AC
Zoning
CR - CR 2.5 (c2.0; r2.0) SS2 (x1865)
Frontage
19’ on Spadina Ave
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (100)
Nearby Major Retailers
1 of 8
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388 Spadina Ave
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