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$4,099,000
Est. payment /mo
9 Beds
9 Baths
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Birchcliffe-Cliffside
MLS Listing ID E12056874
Style 2 1/2 Storey
Bedrooms 9
Annual Tax Amount $16,550
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Multiplex
Property Description
**Power of Sale** 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 $350k 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 with access from 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 and lot lines). Property being sold under Power of Sale in as-is/where-is condition without any warranty from the Seller. Do NOT walk the property without an appointment.
Location
Province ON
County Toronto
Community Birchcliffe-Cliffside
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 7
Separate Den/Office 4
Interior
Interior Features Separate Heating Controls, Storage Area Lockers
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Right Of Way
Pool None
Roof Type Asphalt Shingle
Lot Frontage 70.0
Lot Depth 225.0
Total Parking Spaces 6
Building
Unit Features Beach,Clear View,Cul de Sac/Dead End,Lake/Pond,Waterfront
Foundation Brick
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Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.