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294-296 College St 8,870 SF 100% Leased Retail Building Toronto, ON M5T 1R9 $5,779,585 USD ($651.59 USD/SF)

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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

ATTACHMENTS

Brochure

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
$5,779,585 USD
Price Per SF
$651.59 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

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 294
  • 2,800 SF
  • Office/Retail
  • -
  • 30 Days

Suggested uses includes financial, medical, health and beauty, grocery, or any other general retail and service uses. Can be combined with unit 296 for a total of 4,400sf.

  • 296
  • 1,600 SF
  • Office/Retail
  • -
  • 30 Days

Suggested uses includes financial, medical, health and beauty, grocery, or any other general retail and service uses. Can be combined with suite 294 for a total of 4,400 square feet.

Space Size Space Use Position Available
294 2,800 SF Office/Retail - 30 Days
296 1,600 SF Office/Retail - 30 Days

294

Size
2,800 SF
Space Use
Office/Retail
Position
-
Available
30 Days

296

Size
1,600 SF
Space Use
Office/Retail
Position
-
Available
30 Days

294

Size 2,800 SF
Space Use Office/Retail
Position -
Available 30 Days

Suggested uses includes financial, medical, health and beauty, grocery, or any other general retail and service uses. Can be combined with unit 296 for a total of 4,400sf.

296

Size 1,600 SF
Space Use Office/Retail
Position -
Available 30 Days

Suggested uses includes financial, medical, health and beauty, grocery, or any other general retail and service uses. Can be combined with suite 294 for a total of 4,400 square feet.

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Tim Hortons
Second Cup
T&T Supermarket ???????
CIBC
Smoke's Poutinerie
Osmows
El Rancho
RBC Royal Bank
  • Listing ID: 32999929

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 294-296 College St, Toronto, ON M5T 1R9

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