$3,250,000
Available - For Sale
Listing ID: C13248374
31 Atlantic Avenue , Toronto, M6K 3E7, Toronto
| 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: | $29024.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Partial |
| Address: | 31 Atlantic Avenue , Toronto, M6K 3E7, Toronto |
| Postal Code: | M6K 3E7 |
| Province/State: | Toronto |
| Directions/Cross Streets: | Liberty Village |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Institutional |
| Building Percentage: | F |
| Total Area: | 4328.00 |
| 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 |
| Sprinklers: | No |
| Washrooms: | 4 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| RE/MAX WEST REALTY INC. |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Niagara |
| Tax: | $29,024 |
| Baths: | 4 |
| Fireplace: | N |
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