3 Parnell Ave Toronto, Ontario M1K 1B1

19 Bathroom
Forced Air


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.**** EXTRAS **** Furnaces, central air conditioners & Heat pumps. Dry sprinkler system. (id:31565)

Property Details

MLS® Number E6667012
Property Type Multi-family
Community Name Clairlea-Birchmount
Amenities Near By Public Transit, Schools
Community Features School Bus
Parking Space Total 21


Bathroom Total 19
Exterior Finish Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Other


Acreage No
Land Amenities Public Transit, Schools
Size Irregular 80.01 X 260.32 Ft ; 80.1ft. X 260.32ft. X 80.1ft. X 260.32ft
Size Total Text 80.01 X 260.32 Ft ; 80.1ft. X 260.32ft. X 80.1ft. X 260.32ft


Sewer Installed
Natural Gas Installed
Electricity Installed
Cable Available



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