Opportunity knocks with VACANT POSSESSION at closing! Welcome to an extraordinary investment opportunity on iconic Spadina Ave in the heart of Toronto. This property suits both owner-operators & savvy investors to capitalize on immense potential for renovation, development and significant upside. Recent updates include new roof & 3rd floor patio (2022), basement sprinklers & main floor alarm system. With over 1000sqft of vacant retail space plus additional storage in the basement, along w over 1600sqft for the residential apartment, the property presents a blank canvas that can be transformed into a modern space allowing any operator/investor to maximize returns. The property features parking for up to 4 vehicles & the versatile layout of the top two floors allows for the division of the residential apartment back into 2 separate units. Whether you're an owner-occupier or investor looking to add to your portfolio, this property in one of Toronto's landmark neighbourhoods is a great addition. Steps to TTC, Subway, U of T, Gardiner & more!