Home · Buy · Toronto C01 · 31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7
+ 24 photos
For Sale · Commercial Retail
31 Atlantic Avenue 3rd Fl, Toronto, ON M6K 3E7
Toronto C01 · Niagara
Outside/Surface garage
0
Beds
4
Baths
0
Parking
4328 sq ft
Sq ft
—
Built
The honest picture
List price
$3,250,000
Renavu Estimate
—
Benchmark · All homes
$603,200
Listed 439% above the Niagara benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
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 details
Listed on
June 5, 2026
Days on market
49 days
Property tax
$29,024 (2025)
Lot
27.49 × 103.9 Feet
Heating
Gas Forced Air Open
Cooling
Yes
MLS®
C13248374
Full details
Parking
GarageOutside/Surface
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$67,725
Toronto municipal LTT$70,225
Legal · title · inspection$2,800
Closing costs$140,750
Down payment$650,000
Total cash to close$790,750
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
+ 24 photos
