359-363 SPADINA AVENUE, Toronto (Kensington-Chinatown)

$9,980,000

For sale: Other

Property type

Retail

MLS number

MLS® C12402916

Neighbourhood

Kensington-Chinatown

Rarely offered for Sale 3 building with Mixed-use commercial and residential.Current property has Commercial units at Ground-level retail units with established tenants providing stable monthly rental income and Residential at Upper-level residential apartments offering consistent occupancy and cash flow. Prime Location:Situated in one of Torontos most vibrant corridors, with high pedestrian and vehicular traffic, excellent transit access, and proximity to the citys cultural, shopping, and entertainment hubs. Development opportunity for a 60-unit apartment development of 15 floors allowing the buyer to significantly enhance the properties long-term value and income potential. Close to UoT which is host over 60.000 students makes high value for the property.