222 Spadina Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $398,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 359.62 x 209.48 ft lot size
- Convenient underground garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
A small multi-unit retail portfolio within Chinatown Centre under single ownership. The property includes one retail condominium unit of approximately 91 square feet together with seven exclusive use retail kiosks, totalling approximately 1,932 square feet distributed throughout the Centre. The kiosks are positioned along the main retail level near entrances from Spadina Avenue, Cameron Street, and the stair access to the lower-level food court, placing the units within established daily pedestrian movement. The retail condominium unit is located on the second floor and features glass walls from floor to ceiling. The structure allows income from multiple tenants with leases occurring at different times, reducing reliance on a single business while maintaining flexibility over time. The overall footprint remains compact and straightforward to manage. The property currently generates positive net cash flow and provides stable income from diversified tenants. The portfolio will appeal to investors, retail owners and operators, and business owners familiar with Chinatown Centre and its central downtown location.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 222 Spadina Avenue 237, Toronto C01, ON M5T 3A2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $398,000 in Toronto, the legal minimum down payment is $19,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,445 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,445 also applies, bringing the total estimated land transfer taxes to $8,890.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
