Property Sold

383 Spadina Road

Cbre Limited is pleased to offer for sale 5,382 sq.ft. of land along Spadina Road in Forest Hill Village. The 4,800 sq.ft. (approx.) building is 100% occupied with Aroma Espresso Bar occupying the ground floor and two 2-bedroom apartment units comprising the second floor. Current rents are well below market offering an investor significant upside in future rents.  The property includes the existing patio as well as the adjacent 6-car parking lot. The lot is sizable for future development; the excess lands, currently used for parking offer investors upside potential through either an addition to the building or monetization of the parking.

  • Rare opportunity to acquire 5,382 sq. ft. of land in a premium location with excellent holding income and
    future upside
  • Residential rents are significantly below market and the parking lot is primed for an addition or monetization
  • Future development potential, the lands could be used in the future for a boutique ultra-luxury residential development
  • Situated in Forest Hill, one of the city’s most affluent neighbourhoods, minutes from Upper Canada College as well as the Heath Street entrance to the St. Clair West Subway Station and the St. Clair Avenue West streetcar line.

 

Address:
383 Spadina Rd, Toronto, ON M5P 2W1, Canada