222 SPADINA AVE new Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5T 3B3
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 $63,000
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
High-Traffic and High-Exposure along Spadina Avenue. Strategically positioned between Queen and Dundas. Ideal for an investor and business that requires great visibility and great wrap-around signage (similar to a corner). It comprises 8 units (5 on the ground floor and 3 on the second floor) with a modern open staircase connecting the two floors. Zoning permits most Commercial Uses: Restaurants, all Retail, Medical-Pharmacy, Office, etc. The seller advises that venting through the roof for a restaurant is permitted. There is nothing above the second floor. The shipping & receiving doors are just a few steps away from the space. There is easily accessible underground parking. The historical use and tenant was HSBC Bank: existing built-in improvements can be taken advantage of if required. Adding to its appeal, this is in the heart of Chinatown. Established in 1878, Chinatown is one of Toronto's oldest and most dynamic neighbourhoods. The immediate market 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. Lowest price per square foot in the market. All reasonable offers will be considered. The space is also available For Lease (MLS #: C12111960).
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes