$3,250,000
31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7
— beds4 baths
Key facts
- MLS®
- C13248374
- Status
- New
- Type
- Commercial Retail
- Taxes
- $29,024
- Listed
- 2026-06-05
- Brokerage
- RE/MAX WEST REALTY INC.
- Cross street
- Liberty Village
Description
Main floor and mezzanine income is $7506 plus utilities (water, waste management, gas and hydro)and HST. Original term ends on October 31,2026. Plus a 5 year option. It is leased to Liberty Grace Church. They are willing to stay and renew for another 5 years. They were looking to buy the property but unfortunately cannot come up with a down payment of 30%.Upper floor income was $5237 plus utilities (water, waste management, gas and hydro) and HST. Currently vacant and being painted, replacing windows and washroom.Tony has not leased the upper unit in case a potential buyer needs the space.Potential income from renting north wall for advertising according to Grassroots Advertising: $36,000 per year as per their offer to lease. Again Tony is holding off leasing as he prefers to sell the property.Seller pays property tax; $29,507.47(2025). The main floor is leased to a church and may qualify for a property tax exemption although the current owner has not applied for it.Seller pays property insurance $6,025.32.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.