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1 / 27• 24 locked
31 Atlantic Avenue
Toronto C01, ON M6K 3E7
Price
$3,250,000
Building Size
4,328 sq ft
MLS# C13248374 | Listed by RE/MAX WEST REALTY INC.
Business Details
Property Use
Institutional
Commercial Space & Financials
Industrial Area
3,730 sq ft
Office / Apt Area
598 sq ft
Taxes (Annual)
$29,024
Industrial Specifications
Lot Size
27.49' × 103.9'
Property 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.
Price & Status History
Price history is locked
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Guided by Vick Yogeswaran • REALTOR®
RE/MAX Realtron Realty Inc., Brokerage
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Listing Courtesy of: RE/MAX WEST REALTY INC.
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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