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MLS® C13148308

Overview

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage None
Taxes $53,434
Days Active 0
Lot Size 
Approx. Age 
MLS® Number C13148308

Property Address: 298 Spadina Ave, Toronto, ON, M5T2E7

Average square foot calculated using Size range provided by listing agent.

Description

Substantially re-built, institutional quality retail asset for sale at Dundas Street and Spadina Avenue. The property is anchored by McDonalds under a 20-year net lease with built-in rent escalations, providing predictable long term cash flow from an investment-grade tenant. The ground floor retail component is fully leased to two tenants and features 50 feet of prominent Spadina Avenue frontage. The building recently underwent comprehensive reconstruction and renovation in 2023, including new roof, HVAC systems, facade, exterior windows, and fully renovated second-floor space, effectively eliminating near-term capital requirements. Clear path to value creation and enhanced returns for investors through strategic lease-up of pristine, turnkey second floor space. Or prime opportunity for owner-user to establish presence at one of the busiest pedestrian intersections in Toronto.Show Description
MLS® NumberC13148308
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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