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$3,250,000
Available - For Sale
Listing ID: C13248374
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.
Price $3,250,000
Taxes: $29,024
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Partial
Address: 31 Atlantic Avenue , Toronto, M6K 3E7, Toronto
Postal Code: M6K 3E7
Province/State: Toronto
Directions/Cross Streets: Liberty Village
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Category: Institutional
Building Percentage: F
Total Area: 4,328
Total Area Code:  Square Feet
Office/Appartment Area: 598
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Income Required $ $ $ $

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RE/MAX WEST REALTY INC.

31 Atlantic Avenue , Toronto, M6K 3E7, Toronto

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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Type: Com - Commercial Retail
Area: Toronto
Municipality: Toronto C01
Neighbourhood: Niagara
Style:
Lot Size: x 103.90(Feet)
Approximate Age:
Tax: $29,024
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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