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222 SPADINA Avenue Image 1

$6,250,000

$7,250,000
13.8% dropped

Last price change May 21

Apr 30Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #C12111962

222 SPADINA Avenue, Toronto C01, ON M5T 3B3

0
Similar Homes Found
$0
Average Price
625000000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 222 SPADINA Avenue

Very close to the future Queen & Spadina SUBWAY STATION. 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 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 draws 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. Price reduced by $1 million > "Motivated Seller" > now asking $742 per square foot (the lowest price per square foot in the market). Also available For Lease.

Home Overview

Last updated

1 day ago

Virtual tour

None

Basement information

Building size

8423

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by BRIXTON COMMERCIAL REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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