For sale
Bedrooms
9
Bathrooms
9
Parking
6
Price
$4,099,000
MLS© ID
E9364061
Approx. Age
N/A
Listed Since
September 23rd, 2024
Exterior
Brick, Stone
Air Conditioning
None
Heating
Radiant
Pool
None
Type
Multiplex
Aprox. sq. footage
N/A
Taxes
$16,550
Style
2 1/2 Storey
Garage
None
Basement
Apartment
Fireplace
Yes
Lot Size
70.00 x 225.00 Feet
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.
Type: Multiplex
Features: Beach, Clear View, Cul De Sac, Lake/Pond, Waterfront,
Brokerage: RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.