Main floor and mezzanine income is 7506 plus utilities water, waste management, gas and hydro and HST.


Property

Website:https://www.nestseekers.com/5549580
Address:
Apt: 3rd Fl
Toronto C01 M6K 3E7
Canada
Ownership: For Sale
Type: Unknown
Bathrooms: 4

Financials

Price:C3,250,000
($2,288,300)
(€2,000,700)
Annual Taxes:C29,024

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.

Amenities

  • Available

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario