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C4501570
$2,500,000

343 Spadina Ave (Spadina/Baldwin)

Price: $2,500,000

Status: For Sale 

MLS®#: C4501570

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$2,500,000 Calculator
  • Tax: $34,701.18/Annual (2019)
  • Community:Kensington-Chinatown
  • City:Toronto
  • Type:Commercial
  • Style:Commercial/Retail
  • Bath:4
  • Size: 2,715 Sq Ft
  • Basement:Y
  • Garage:Lane
  • Age:51-99 Years Old

Features:

  • HeatingGas Hot Water
  • Sewer/Water SystemsMunicipal

Listing Contracted With: ROYAL LEPAGE REAL ESTATE SERVICES LTD., BROKERAGE

Description

Two Storey Building Next To Busy Lcbo South Of College. Future Development Opportunity. Fully Tenanted With 95K Net Income. Located Near University Of Toronto Between Dundas And College. (Popular Chinese Restaurant, Leased Until 2022, Same Tenant 19 Years; Massage Studio Above, Leased Until 2021). Roofs Redone In 2018 And 2019. Walkout Patio In Upstairs Apartment


Highlights

Current Rent Is Below Market Rates. Restaurant Pays 75% Of Property Tax. Upstairs Is A Gross Lease. Steady Traffic Tourist Area Neighbourhood. Building On E/Side Of Spadina. Just North Of Trendy Queen St West. High Ceilings.

Want to learn more about 343 Spadina Ave (Spadina/Baldwin)?

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Heather Walsh

Sales Representative

Royal Lepage Real Estate Services Ltd., Brokerage

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