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31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7

Toronto C01, ON, M6K 3E7 · Niagara

4 Baths
Sq Ft
Commercial Retail Type
C13248374 MLS#

About this property

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.

Features & Amenities

  • Garage: Outside/Surface
  • Cooling: Yes
  • Heat Type: Gas Forced Air Open

Property Details

Property Type Commercial
Property Sub-Type Commercial Retail
Bathrooms 4
Garage Outside/Surface
Heat Type Gas Forced Air Open
Cooling Yes
Annual Tax $29,024
Tax Year 2025

Building & Construction

Building Area Total
4328

Heating & Cooling

Heat Type
Gas Forced Air Open
Cooling
Yes

Parking & Garage

Garage Type
Outside/Surface

Lot & Land

Lot Size Units
Feet
Lot Depth
103.90
Lot Width
27.49

Financial & Tax

Tax Annual Amount
$29,024
Tax Year
2025
Possession Type
Immediate

Utilities & Services

Utilities
Available

Additional Details

Occupant Type
Partial
County Or Parish
Toronto
Cross Street
Liberty Village
Directions
South of King St In Liberty Village
Showing Requirements
Lockbox, Showing System

Location

31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7, Toronto C01, ON, M6K 3E7

Listing courtesy of RE/MAX WEST REALTY INC.
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