31 Atlantic Ave
Toronto C01, ON M6K 3E7
$3,250,000
31 Atlantic Ave, Toronto C01 — Listed at $3,250,000, 4 bathroom Commercial Retail. MLS® C13248374.
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.
Price & Status History
Price history is locked
Business Details
Commercial Space & Financials
Property Details
Your agent: Vick Yogeswaran
REALTOR® · RE/MAX Realtron Realty Inc.
Property Insights
Listing Courtesy of: RE/MAX WEST REALTY INC.
MLS® #C13248374
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
© 2026 Toronto Regional Real Estate Board. All rights reserved.
HouseIndex Take: 31 Atlantic Avenue
This commercial retail is located in the Niagara neighbourhood of Toronto.
The home offers 4 bathrooms.
Additional details: lot dimensions of 27.49 × 103.9 feet.
Listed at $3,250,000 CAD with annual property taxes of $29,024 (2025). This listing has been on the market for 1 day.
Explore similar listings:
About Toronto Real Estate
This Commercial Retail is located in the Niagara community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.