298 Spadina Avenue, Toronto, ON M5T 2E7, Toronto C01, ON
8537.0 sqft
Substantially re-built, institutional quality retail asset for sale at Dundas Street and Spadina Avenue. The property is anchored by McDonalds under a 20-year net lease with built-in rent escalations, providing predictable long term cash flow from an investment-grade tenant. The ground floor retail component is fully leased to two tenants and features 50 feet of prominent Spadina Avenue frontage. The building recently underwent comprehensive reconstruction and renovation in 2023, including new roof, HVAC systems, facade, exterior windows, and fully renovated second-floor space, effectively eliminating near-term capital requirements. Clear path to value creation and enhanced returns for investors through strategic lease-up of pristine, turnkey second floor space. Or prime opportunity for owner-user to establish presence at one of the busiest pedestrian intersections in Toronto.
Property Highlights
For Sale
MLS NO.
C13148308
Type
Commercial
Sub Type
Commercial Retail
Square Footage
8537.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C13148308
Security Features
Yes
Lot Width
50.0
Lot Size
7890.0
Garage Type
None
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
298 Spadina Avenue, Toronto, ON M5T 2E7
City
Toronto C01
Neighbourhood
Kensington-Chinatown
County / Region
Toronto
Province / State
ON
Postal Code
M5T 2E7
Cross Street
Dundas St W/Spadina Ave
Directions
Dundas St W/Spadina Ave
Country
CA
List Price
$9,975,000
Annual Taxes
$53,434
Tax Year
2025
Possession Type
Immediate
Possession Details
Immediate
Listing Office
JONES LANG LASALLE REAL ESTATE SERVICES, INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-20T13:35:09Z
Media Updated
2026-05-20T13:35:09Z
Photos Updated
2026-05-20T13:35:09Z
Last Modified
2026-05-20T13:35:09Z
System Modified
2026-05-20T13:35:10.034337Z
MLS Status
New
Co List Office Name
JONES LANG LASALLE REAL ESTATE SERVICES, INC.
Ddfyn
Yes
Expiration Date
2026-10-31
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Partial
Originating System Id
A00001796
Parcel Number
212350414
Public Remarks
Substantially re-built, institutional quality retail asset for sale at Dundas Street and Spadina Avenue. The property is anchored by McDonalds under a 20-year net lease with built-in rent escalations, providing predictable long term cash flow from an investment-grade tenant. The ground floor retail component is fully leased to two tenants and features 50 feet of prominent Spadina Avenue frontage. The building recently underwent comprehensive reconstruction and renovation in 2023, including new roof, HVAC systems, facade, exterior windows, and fully renovated second-floor space, effectively eliminating near-term capital requirements. Clear path to value creation and enhanced returns for investors through strategic lease-up of pristine, turnkey second floor space. Or prime opportunity for owner-user to establish presence at one of the busiest pedestrian intersections in Toronto.
