14
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$7,250,000
Est. payment /mo
8,423 SqFt
Active
222 SPADINA AVE Toronto C01, ON M5T 3B3
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,423 sqft
Price per Sqft $860
Subdivision Kensington-Chinatown
MLS Listing ID C12111962
Annual Tax Amount $45,668
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
High-Traffic and High-Exposure along Spadina Avenue. Strategically positioned between Queen Street West and Dundas Street. It is ideal for a user or an investor who requires or prefers great visibility and would benefit from a wrap-around signage opportunity (similar characteristics to a corner). Comprised of 8 units (5 on the ground floor and 3 on the second floor), connectivity between the floors is facilitated with a modern open staircase, providing an elegant transition. Zoning permits most commercial uses: Restaurants, all Retail, Medical-Pharmacy, Office, etc. The seller/landlord advises that venting through the roof is permitted - there is nothing above the second floor. The multiple large roll-up shipping & receiving doors are just a few steps away from the space. Easily accessible underground parking is abundant. The historical use and tenant was HSBC Bank. There are existing built-in improvements that can be taken advantage of (if required). This is in the heart of Chinatown, one of Toronto's oldest and most dynamic neighbourhoods. This location is near Kensington Market, the Art Gallery of Ontario, and the University of Toronto. The immediate area benefits from its high-traffic, dense population, walking proximity to and from the city's core, and drawing thousands of visitors and tourists annually, contributing to the area's consistent activity, well into the evening. The surrounding area continues to experience ongoing growth, with new residential and mixed-use developments reinforcing its position as a prime destination for shopping, dining, and urban living. Approximately 65 feet of frontage along Spadina, plus frontage along the courtyard. Asking $860 per square foot (the lowest price per square foot in the market). The owners will consider all reasonable offers. Also available For Lease.
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
Listed by BRIXTON COMMERCIAL REALTY