$ 4,099,000
3025 Queen ST E Toronto E06, ON M1N 1A5
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$ 4,099,000
Est. payment /mo
Active
3025 Queen ST E Toronto E06, ON M1N 1A5
21,549 SqFt
UPDATED:
09/29/2024 02:39 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 21,549 sqft
Price per Sqft $190
MLS Listing ID E9364064
Annual Tax Amount $16,550
Tax Year 2023
Property Description
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.
Location
Province ON
County Toronto
Community Birchcliffe-Cliffside
Area Toronto
Region Birchcliffe-Cliffside
City Region Birchcliffe-Cliffside
Interior
Cooling No
Exterior
Garage Spaces 6.0
Utilities Available Yes
Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
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