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$3,250,000
Status: For Sale
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 Type | :Commercial |
|---|---|
| MLS Number | :C13248374 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :09 Jun, 2026 (58 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Toronto |
|---|---|
| Postal Code | :
M6K 3E7
|
| Price | : $3,250,000 |
|---|---|
| Property Taxes | :$29024.0 |
| Tax Year | :2025 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Gas Forced Air Open |
| Cross Street | :Liberty Village |
| Bathrooms | :4 |
|---|
05 Jun, 2026
TREB #C13248374
Listed
$3250000.0
