Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: RA
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Age: No Data
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Taxes: 16550
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MLS®#: E9364064
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Days on Site: 6 Days
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Added: Sep 23, 2024 (1 month ago)
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Updated:
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Last Checked: 5 hours ago
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Listed By: RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Very rare, special 7-unit investment property with a rich history! Located in the Beaches neighbourhood, directly overlooking Lake Ontario! The home has long been named, Chateau de Quatre Vents (Castle of the Four Winds) and was originally designed by the renowned architect who is known for Casa Loma and Old City Hall. This castle-themed house has been creatively divided into 7 self-contained units, each with separate hydro. 3 units are rentable and 4 units are currently under renovation with plumbing and electrical completed, ready for finishing. There are five 2-bedroom and two 1-bedroom suites with a projected gross income of $350,760 once completed. While the address is on Queen Street, the mansion is set back 100 feet from the street, perched atop the low bluff facing the lake, with stunning lake views from most windows. Hidden from the street, access is through a walkway from Queen Street or through the winding driveway on Rockaway Crescent. The property holds a Heritage designation under the Ontario Heritage Act and has an irregular lot (buyer to verify lot dimensions). Being sold as-is/where is and is ready for your finishes. Do NOT walk the property without an appointment.
Property
Status: Sale
Property Type: Investment
Property Type: Apartment
Area: Toronto
Community: Birchcliffe-Cliffside
Availability Date: TBD
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 6
Fees
Tax Year: 2023
Tax Legal Description: PT LT 5 PL 1085 AS AMENDED BY PL 1117 SCARBOROUGH; PT LT 4 PL 10
Taxes: $16,550
Taxes Type: Annual
Land
Cross Street: Fallingbrook & Lake
Municipality District: Toronto E06
Parcel Number: 065090040
Lot Depth: 225 Feet
Lot Frontage: 70 Feet
Lot Irregularities: See attached survey
Zoning: RA
Commercial Specific
Total Area: 21549.33
Total Area Metric: Sq Ft
Lot Code: Lot
Blantyre Public School
Elementary: PublicSt Denis Catholic School
Elementary: CatholicCourcelette Public School
Elementary: PublicBalmy Beach Community School
Elementary: PublicSt John Catholic School
Elementary: CatholicAdam Beck Junior Public School
Elementary: PublicNotre Dame Catholic High School
Secondary: CatholicMonarch Park Collegiate Institute
Secondary: PublicNeil McNeil High School
Secondary: CatholicBirchmount Park Collegiate Institute
Secondary: PublicMalvern Collegiate Institute
Secondary: PublicSATEC @ W A Porter Collegiate Institute
Secondary: Public
