3 Parnell Ave Toronto, Ontario M1K 1B1
$2,199,000
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 |
Building
| Bathroom Total | 19 |
| Exterior Finish | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
Land
| 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 |
Utilities
| Sewer | Installed |
| Natural Gas | Installed |
| Electricity | Installed |
| Cable | Available |
https://www.realtor.ca/real-estate/25835553/3-parnell-ave-toronto-clairlea-birchmount
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September 26 2023 04:24:31
Toronto Real Estate Board
RE/MAX All-Stars Realty Inc.
