31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7, Toronto C01, ON
Bath 4
4328.0 sqft
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 Highlights
For Sale
MLS NO.
C13248374
Type
Commercial
Sub Type
Commercial Retail
Bathrooms
4
Square Footage
4328.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C13248374
Total Bathrooms
4
Security Features
No
Lot Width
27.49
Lot Size Units
SquareFeet
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7
City
Toronto C01
Neighbourhood
Niagara
County / Region
Toronto
Province / State
ON
Postal Code
M6K 3E7
Cross Street
Liberty Village
Directions
South of King St In Liberty Village
Country
CA
List Price
$3,250,000
Annual Taxes
$29,024
Tax Year
2025
Possession Type
Immediate
Listing Office
RE/MAX WEST REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-05T15:36:10Z
Media Updated
2026-06-09T15:32:11Z
Photos Updated
2026-06-09T15:32:11Z
Last Modified
2026-06-09T15:32:11Z
System Modified
2026-06-09T15:32:11.299288Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-09-04
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Partial
Originating System Id
A00001796
Parcel Number
212990136
Public Remarks
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.
