3 Parnell Ave (Birchmount / South Of Danforth)
Status: For Sale
- Tax: $28,446.3 (2023)
- Style:Multiplex (2-Storey)
- Garage:Other (1 Space)
- HeatingForced Air, Gas
- Sewer/Water SystemsPublic, Sewers, Municipal
- Lot FeaturesPublic Transit, School, School Bus Route
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 are digitally staged.
Furnaces, central air conditioners & Heat pumps. Dry sprinkler system.
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