CBRE Limited (“CBRE” or the “Advisor”) are pleased to offer for sale 388 Spadina Avenue (the “Property” or the “Site”), a prime two-storey commercial property located in the heart of Toronto’s vibrant Chinatown. This institutionally-managed property benefits from highly sought after Spadina Avenue frontage and recent strategic capital investment, resulting in strong lease-up and lease rates. This offering represents a unique opportunity to acquire a proven, cash-flowing asset with value-add potential with direct access to transit and in close proximity to major institutions including the University of Toronto.

The Property provides stable cash flow with immediate upside through lease-up of the vacant upper floor, which has been recently renovated. Alternatively, the upper floor represents a top-tier opportunity for an owner-user to establish a thriving business in one of the city’s most dynamic neighbourhoods.

Asking Price: $3,100,000
Offers are to be reviewed on an as-received basis.
Total Building Size: 5,027 sq. ft.
Frontage: 18 ft.
Depth: 100 ft.
Lot Area: 1,798 sq. ft.
Title: Freehold
Property Taxes (2025): $49,232
NOI: $198,754

Property Highlights:

• Flexible offering with stable cash flow for investors or owner-users
• Institutionally managed and recent capital investment
• 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
• Excellent access to transit and within walking distance to the University of Toronto
• Future assembly/development potential