359-363 SPADINA AVENUE, Toronto (Kensington-Chinatown), Ontario, M5T2G3

Property Description

Rarely offered for Sale 3 building with Mixed-use commercial and residential.Current property has Commercial units at Ground-level retail units with established tenants providing stable monthly rental income and Residential at Upper-level residential apartments offering consistent occupancy and cash flow. Prime Location:Situated in one of Torontos most vibrant corridors, with high pedestrian and vehicular traffic, excellent transit access, and proximity to the citys cultural, shopping, and entertainment hubs. Development opportunity for a 60-unit apartment development of 15 floors allowing the buyer to significantly enhance the properties long-term value and income potential. Close to UoT which is host over 60.000 students makes high value for the property. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 15,000 sq ft (1,393.5 m²)
• Frontage: 45 ft (13.7 m)

Costs

• Annual Taxes: $85,571.64

Listing Provided by: RE/MAX ATRIUM HOME REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.