31 Melrose Av - Churches FOR SALE


Toronto, ON M5M 1Y6- Lawrence Park North
$5,500,000 CAD
416-921-1112

NO PHOTO

$5,500,000 CAD
Churches - FOR SALE
null | Request Cap Rate

31 Melrose Av
Toronto, ON M5M 1Y6
Lawrence Park North


HIGHLIGHTS

  • Situated in Bedford Park, steps from Yonge Street amenities and Lawrence Subway Station.
  • Dedicated lot with space for about 20 vehicles.
  • Property tax exempt due to designation as a place of worship.

OVERVIEW

An exceptional opportunity to own a place of worship in Bedford Park, this property features a church with an adjoining two-story residence, ideally located just steps from Yonge Street’s amenities and the Lawrence Subway Station. Situated on approximately 17,738 square feet of land, it includes a parking lot for about 20 vehicles. The church itself spans roughly 8,090 square feet and offers a sanctuary with fixed seating for approximately 200 people, a balcony, and a fellowship hall with a theater stage that connects directly to the kitchen. Additional features include two offices on the main floor and multiple meeting rooms and classrooms on the lower level. Extras: Property taxes are not applicable due to its designation as a place of worship (tax-exempt). Legal Description: Lt C Pl 1494 Toronto; Pt Lt B Pl 1494 Toronto; Pt Lt 8 Con 1 Wys Twp Of York As In EO84299, EO87267; S/T T/W EO84299; City Of Toronto.

FOR SALE DETAILS

PRICE

$5,500,000 CAD

PRICE/SF

$310 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,152 SF

ZONING

R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Susan IriarteRoyal LePage Real Estate ServicesMore Info
416-921-1112

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Susan IriarteRoyal LePage Real Estate ServicesMore Info
416-921-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.