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$3,250,000
Ontario,Toronto (Niagara)
For Sale Active
31 ATLANTIC AVENUE, Toronto (Niagara), Ontario M6K3E7
  • 4
  • 4,328 Sqft
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Basic Details
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:62783)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: C13248374
  • Price: $3,250,000
  • Bathrooms: 4
  • Square Footage: 4,328 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 51280
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Toronto (Niagara), M6K3E7
  • Street: Atlantic
  • Street Number: 31
  • Street Suffix: Avenue
  • Longitude: W80° 34' 47.5''
  • Latitude: N43° 38' 14.5''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 27.49 x 103.9 FT
Financial
  • Tax Annual Amount: 29024
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Listing updated: 2026-06-11 07:32:42
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Listing Information
  • List Agent Key: 1416019
  • List Office Key: 51280
  • Modification Timestamp: 2026-06-09T16:15:17Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-09T16:07:43Z
Powered by REALTOR.ca
Listing updated: 2026-06-11 07:32:42
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