3RD FL - 31 ATLANTIC AVENUE
Toronto (Niagara), Ontario
MLS® C13248374
$3,250,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C13248374
- Bedrooms
- —
- Bathrooms
- 4
- Year built
- —
1 / 50Listing 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.
Property summary
- MLS® number
- C13248374
- Property type
- Retail
- Square footage
- 4,328 sq ft
- Land size
- 27.49 x 103.9 FT
- Annual property taxes
- $29,024.00
- Days on market
- 91 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $3,250,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX WEST REALTY INC., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.