388 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario M5T2G5

Rare opportunity to secure an institutionally managed commercial asset on one of the busiest stretches of Chinatown, steps to University of Toronto Campus. The property is 100% leased. The ground floor is a fully fixtured restaurant occupied by Rol San Restaurant, a neighbourhood staple and the second floor is Mr. 8 Billiards. The property benefits from landlord termination rights and under market leases. Further upside through future development assembly with multiple development applications submitted in the surrounding area due to future Ontario Line stop to the South. The total building area is 5,027 Square Feet; 3,416 SF Above Grade, plus 1,611 SF of basement space. Priced at a 5.65% cap rate! (39762177)

Spadina & Nassau