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 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.

Asking Price: $3,415,000
Offers are to be reviewed on an as-received basis.
Total Size: 5,027 sq. ft.
Frontage: 18 ft.
Depth: 100 ft.
Lot Area: 1,798 sq. ft.
Title: Freehold
Property Taxes (2024): $48,213.37
NOI: $192,902

Property Highlights:

• Strong cashflow with upside from contractual rent steps
• Fully occupied and institutionally managed
• Rol San Restaurant, a Toronto staple that has been operational for more than 3 decades
• Excellent access to transit
• Future assembly/development potential