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248 Spadina Ave Toronto, Ontario M5T 2C2

5620 sqft
Fully Air Conditioned

$5,500,000

*Major Location At The Heart Of Chinatown Next To Dragon City Mall & Dragon New Condo. 2 Bldgs Joined Together. Legal Address 248-250 Spadina Ave. Wide Frontage Of 32Ft & 128Ft Deep Lot. W/8 Parking Spaces At Rear Thru Laneway. Main Flr Of 2329 Sqft + 1650 Sqft Bsmt W/Lease Until Sep 30, 2025. Tnt Pay $111,360/Yr Increase To $139,200/Yr Net Net. Tnt Pay 60% (Ppty Tax & Bldg Ins) 2/F & 3/F Of 3300 Sqft Can Be Used As Apts/Professional Office Or Possible****** EXTRAS **** **Restaurant/Commercial Use.**Extra Spc 1650 Sf Bsmt Full Open 6.5 Ft For Storage/Workshop. 2/F & 3/F Under Reno W/ Separate New Furnace/Cac, Piping. Brand New Roof (2020). Vendor Is Applying City Permit. **Excellent Development Potential (id:38729)

Property Details

MLS® Number C4791908
Property Type Retail
Community Name Kensington-Chinatown
Parking Space Total 8

Building

Cooling Type Fully Air Conditioned
Fireplace Present No
Size Interior 5620 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 32.58 X 128 Ft ; South Side 118 Deep Irregular Per Deed
Size Total Text 32.58 X 128 Ft ; South Side 118 Deep Irregular Per Deed

https://www.realtor.ca/real-estate/21967467/248-spadina-ave-toronto-kensington-chinatown

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