31, Atlantic, Niagara, Toronto, Commercial
- 4 baths |
- 4328 SQFT
Description
Commercial Commercial Retail 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.
Cross Street: Liberty Village
Key Facts
- Days on: 0 days
- Mls Status: New
- Bathrooms Total Integer: 4
- Lot Type: Lot
- Lot Width: 27.49
- Garage Type: Outside/Surface
- Heat Type: Gas Forced Air Open
- Cooling: Yes
- Building Area Total: 4328 Square Feet
Location 31, Atlantic, Niagara, Toronto
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