3RD FL - 31 ATLANTIC AVENUE, Toronto (Niagara)

2026-06-06
 

Quick Summary

Location
3RD FL - 31 ATLANTIC AVENUE, Toronto (Niagara), Ontario M6K3E7
Price
$3,250,000 CAD
Status:
For Sale
Property Type:
Retail
Area:
4328 sqft
Bathrooms:
4

MLS®#C13248374

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. (id:32467)

Property Features

Building

  • Cooling Type: Fully air conditioned
  • Fireplace: No
  • Interior Size: 4328 sqft
  • Utility Water: Municipal water

Land

  • Land Size: 27.49 x 103.9 FT

Zoning

  • Description: Commercial/ Retail/ Industrial

Information entered by RE/MAX WEST REALTY INC.
Listing information last updated on: 2026-06-09 16:07:43


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

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