222 Spadina Ave Ave
Kensington-Chinatown, Downtown Toronto, M5T 3A2
FOR SALE
$999,000
Suspended
$0
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-10-24 | 2022-11-03 | 10 | $999,000 | - | Suspended |
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Property Description
Entrepreneurs/Investors/End Users. Great Opportunity To Add To Your Real Estate Portfolio,$300K Invested In 2018 Into This One Of A Kind Near 3000Sqft Unit, The Best Unit With Great Exposure On Spadina Ave In The Building, Well Established High-End Thai Massage With Most Loyalty Customer. Massive Traffics And Clientele Are Surrounded By Commercials And Residential. It Can Be Used For All Kinds Of Retail Businesses Except Restaurants, 3 Entrances Access. The Massage License And Chattels Are Negotiable.
Extras
It's An Income Property That Has The Potential Lease Of $6000.00+Hst/Month (Net+Tmi) Per Month, 2 Entrances, And Plenty Of Parking Underground. The Management Company Is Applying For The Zoning Change, Can Be Used As Restaurant In Future.
Nearby Intersections
Yonge & St Clair (225)
Avenue & Davenport (46)
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Property Details
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Community
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Property Type
Other, Other
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Excellent investment Opportunity, 2 Legal Apartments, One Commercial Unit Plus One. Excellent Location For A New Or Established Business, Easy Access To Major Highways Such As 401 & 400, Transit. Storefront Unit On The Main Floor, 2 Bedroom and 1 Bedroom Apartments On 2nd Floor Plus 3 Bedroom Apartment on the Basement that can Be Leased Separately Or Together with the main floor. 3 units are rented. (3 Bedrooms Basement - $2,000) (2-Bed Upper level - $2,000), (Commercial Unit - $2,750), (1-Bed Upper level - Vacant with a market rent is $1,700) CAP RATE 6.64%.
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