CBRE Limited (“CBRE” or the “Advisor”) is pleased to offer for sale 388 Spadina Avenue (the “Property” or the “Site”), a 100%-leased two-storey commercial property located in the heart of Toronto’s vibrant Chinatown. The Property comprises 3,416 sq. ft. and benefits from current institutional management and highly sought-after Spadina Avenue frontage. With a 6.6 year WALT, this offering represents an exceptional opportunity for an investor to acquire a low-maintenance, stabilized asset located on one of Toronto’s busiest streets, with direct access to transit and in close proximity to the University of Toronto.

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.
Lot Area: 1,798 sq. ft.
NOI: $198,999

Property Highlights:

•  Carefree, fully-leased income producing asset with 6.6 years of WALT
•  Income upside from contractual rent steps
• Institutional management and recent capital investment
•  Quality tenants including Rol San which has been operational for 3+ decades
• Excellent transit-connectivity and walking distance to the University of Toronto
• Future assembly/development potential in a gentrifying node