3rd Fl - 31 Atlantic Avenue Toronto, Ontario M6K 3E7
$3,250,000
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. (id:50787)
Property Details
| MLS® Number | C13248374 |
| Property Type | Retail |
| Community Name | Niagara |
Building
| Bathroom Total | 4 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,328 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 103 Ft ,10 In |
| Size Frontage | 27 Ft ,5 In |
| Size Irregular | 27.49 X 103.9 Ft |
| Size Total Text | 27.49 X 103.9 Ft |
| Zoning Description | Commercial/ Retail/ Industrial |
https://www.realtor.ca/real-estate/29860818/3rd-fl-31-atlantic-avenue-toronto-niagara-niagara
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June 08 2026 03:18:19
Toronto Regional Real Estate Board
RE/MAX West Realty Inc.