REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
-
Est. payment /mo
Active
298 Spadina AVE Toronto C01, ON M5T 2E7
8,537 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,537 sqft
Municipality Toronto C01
Subdivision Kensington-Chinatown
MLS Listing ID C13148308
Annual Tax Amount $53,433
Tax Year 2025
Property Sub-Type Commercial Retail
Property 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.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 200.0
Others
Security Features Yes
ParcelsYN No
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.