3 Parnell Ave (Birchmount / South Of Danforth)

Price: $2,199,000

Status: For Sale 

MLS®#: E6639602

  • Tax: $28,446.3/Annual (2023)
  • Community:Clairlea-Birchmount
  • City:Toronto
  • Type:Commercial
  • Style:Investment
  • Size: 20,838 Sq Ft
  • Garage:Other


  • HeatingGas Forced Air Open
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RE/MAX ALL-STARS REALTY INC.


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 digitally staged.


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

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Wayne Winch & Brenda Brouwer


Re/Max All-Stars Realty Inc., Brokerage

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