31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7
Toronto C01
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7
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MLS# C13248374
Listed by RE/MAX WEST REALTY INC.
On market since Jun 5, 2026
31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 is listed for $3,250,000 CAD.
31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 has 4 bathrooms.
31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 is a Commercial Retail, 4,328 sq ft.
31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 is in Toronto C01, Ontario.
31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 31 Atlantic Avenue 3rd Fl, Toronto C01, ON M6K 3E7 (MLS# C13248374). You can also send a message through the contact form on this site.
