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294-296 College St
Toronto, ON M5T 1R9
Retail Property For Sale
Investment Highlights
- Prime downtown location near U of T and Chinatown
- Second-floor office leased to Kinka Management
- Income-producing with retail leasing potential
Executive Summary
Rare investment opportunity in the heart of downtown Toronto. Steps from University of Toronto, Chinatown and Kensington Market
Income producing asset with great long term development potential
Rental income: Second floor is occupied by national corporate Tenant in award winning constructed office space
Ground floor retail: has been left vacant to allow for new retail leases for new buyer to secure
Unit 2 – Currently occupied by month-to- month tenant and can be vacant on possession
Unit 1 – Formerly occupied by virtual reality store
Second floor office: Occupied by Kinka Management Inc. head office (corporate lease)
Environmental Report: Phase 1 and Phase 2 from 2016
Income producing asset with great long term development potential
Rental income: Second floor is occupied by national corporate Tenant in award winning constructed office space
Ground floor retail: has been left vacant to allow for new retail leases for new buyer to secure
Unit 2 – Currently occupied by month-to- month tenant and can be vacant on possession
Unit 1 – Formerly occupied by virtual reality store
Second floor office: Occupied by Kinka Management Inc. head office (corporate lease)
Environmental Report: Phase 1 and Phase 2 from 2016
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,870 SF
Building Class
C
Year Built
1925
Price
$5,768,023 USD
Price Per SF
$650.28 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.85
Lot Size
0.11 AC
Zoning
CR
Frontage
38’ on College St
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