414 SPADINA AVENUE — Toronto (Kensington-Chinatown), Ontario

Opportunity knocks on Spadina! 414 Spadina Ave presents a rare opportunity to own a large (3,529 sq ft + 1,186 basement) mixed use building in the heart of Toronto's vibrant Chinatown. With a large footprint and greater depth than most properties on the street, this asset offers significant versatility and long-term upside. The main floor, leased to a great tenant, features approximately 1,454 sq ft of commercial space, plus a 460 sq ft mezzanine and 468 sq ft of finished basement space, ideal for storage or staff use (a total of 2,382 sq ft). An additional 718 sq ft commercial basement unit is currently leased, providing stable income. Upstairs, the second floor boasts a beautifully renovated 2-bedroom apartment with a large deck, perfect for premium rental or owner-occupancy, while the third floor holds a spacious 1-bedroom unit, ready for a renovation, which could easily be converted into a 2-bedroom. Ideally located between Kensington Market and Queen West, this high-visibility location benefits from exceptional foot traffic, transit access, and proximity to U of T, OCAD, and TMU. Whether you're an investor, owner-user, or looking for value-add potential, 414 Spadina offers unmatched flexibility in a prime downtown location! (id:63357)