3 Parnell Avenue, Toronto
Home for Sale

$2,199,000
List Price
N/A
Square Feet
Studio
19 bath

MLS#: E6667012

About this Listing

Under utilized re-purposed mixed use industrial building consisting of 20 self contained units. 17 units tenanted. 2 vacant (estimated market rent $3,000/month). 1 large owner occupied unit (approximately 2,500 square feet estimated market rent $3,500/month). Mixed use includes office, industrial, music studios & residential. Lots of parking. Current rents total $15,405/month or $184,860 annual. Empty units + owner unit estimated market rents $6,500/month or $78,000 annual. Total current rents + estimated vacant units and estimated owner occupied unit are $21,905/month or $262,860 annual. Rents include utilities & parking. Lots of room for improvement of units. Rents well below current market. Vacant possession not possible. Use does not comply with present zoning. Statement of expenses for the period 09/01/2021- 08/31/2022; insurance $15,580, Utilities $31,673, property taxes $28,446 (2023 final). Actual & estimated rents are $262,860 (2023). First 8 Photos are digitally staged.

Furnaces, central air conditioners & Heat pumps. Dry sprinkler system.

Broker: Re Max All Stars Realty Inc

Listing Details

$28,446
Taxes

80.01x260.32
Lot Size

None
Basement

Rooms

No room data available.

Book a showing with us!

Learie
Travis
Nicholas
Share Listing