248 SPADINA AVE

Toronto, Ontario

M5T2C2
5,500,000
Retail
*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:6355)

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THE TRADEMARKS MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE OWNED OR CONTROLLED BY THE CANADIAN REAL ESTATE ASSOCIATION. USED UNDER LICENSE. MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE TRADEMARKS OF THE CANADIAN REAL ESTATE ASSOCIATION.