Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

388 Spadina Ave 5,027 SF 65% Leased Retail Building Toronto, ON M5T 1M2 $2,253,529 USD ($448.29 USD/SF) 6.41% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,027 SF
Building Class
C
Year Built
1937
Price
$2,253,529 USD
Price Per SF
$448.29 USD
Cap Rate
6.41%
NOI
$144,483 USD
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
2.89
Lot Size
0.04 AC
Zoning
CR - CR 2.5 (c2.0; r2.0) SS2 (x1865)
Frontage
19’ on Spadina Ave

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 2nd Floor
  • 1,766 SF
  • Retail
  • In-Line
  • Now

388 Spadina Avenue offers a unique second-level retail opportunity with direct ground-floor access and prominent signage visibility. This space is ideally suited for boutique retailers, service providers, or destination concepts seeking to tap into one of the city’s most culturally rich and high-traffic neighborhoods.

Space Size Space Use Position Available
2nd Floor 1,766 SF Retail In-Line Now

2nd Floor

Size
1,766 SF
Space Use
Retail
Position
In-Line
Available
Now

2nd Floor

Size 1,766 SF
Space Use Retail
Position In-Line
Available Now

388 Spadina Avenue offers a unique second-level retail opportunity with direct ground-floor access and prominent signage visibility. This space is ideally suited for boutique retailers, service providers, or destination concepts seeking to tap into one of the city’s most culturally rich and high-traffic neighborhoods.

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (98)
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

Tim Hortons
The Famous Owl of Minerva
Sizzler
Mr. Greek
Kinton Ramen
St. Louis Bar & Grill
FreshCo
TD Canada Trust
CIBC
Royal Bank of Canada
  • Listing ID: 34616374

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 388 Spadina Ave, Toronto, ON M5T 1M2

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}