Kensington-Chinatown, M5T 2E7
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.
Features
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Category: Retail Store Related
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Total Area: 8,537 sqft
- Office Area: 3,939 sqft
- Retail Area: 4,598 sqft
- Parking Types: None
Details
- Zoning: Commercial
- Tax: $ 53,434
- Alcohol Allowed: N
- C13148308
- Listing contracted with: JONES LANG LASALLE REAL ESTATE SERVICES, INC.
