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Home ON Greater Toronto Area Toronto Old Toronto Alexandra Park Kensington-Chinatown
222 SPADINA AVENUE
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222 SPADINA AVENUE $6,250,000
$6,250,000
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222 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario M5T3B3

MLS® Number: C12111962

Listing Description

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. (40345511)

Location Description

Spadina/Dundas

Property Summary

Property Type
Retail
Building Type
Retail
Community Name
Kensington-Chinatown
Annual Property Taxes
$45,668
Parking Type
Underground
Time on REALTOR.ca
58 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Retail and Wholesale (Retail misc.)
Parking
Parking Type
Underground

Measurements

Square Footage
8423 sqft
Exterior Building Size
8423 sqft

Land

Other Property Information
Zoning Description
Commercial
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
ANASTASIOS (TASO) BOUSSOULAS