$3,250,000
FOR SALE

Commercial/Retail

Lot: 27.49 x 103.9 ft
2025 Taxes: $29,024

31 Atlantic Ave
Toronto, ON M6K 3E7 | Niagara

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.
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Listed By RE/MAX WEST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C13248374
Last Updated Jun 05, 2026
Property Summary
Property Type Commercial/Retail

More like this:
PIN 212990136
Taxes (2025) $29,024
Directions/Cross Streets Liberty Village
Neighbourhood Niagara
Area Toronto
Price History

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Detailed Information
Bathrooms 4
Lot 27.49 x 103.9 ft
Air Conditioning Yes
Garage Type Outside/Surface
Heat Type Gas Forced Air Open

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