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.
PT LT 5 PL 1085 AS AMENDED BY PL 1117 SCARBOROUGH; PT LT 4 PL 1085 AS AMENDED BY PL 1117 SCARBOROUGH; PT LT 12 PL 1085 AS AMENDED BY PL 1117 SCARBOROUGH; PT RDAL BTN LOTS 34 & 35 CON A SCARBOROUGH AS IN TB878130 S/T & T/W TB878130; S/T CA538694; TORONTO , CITY OF TORONTO
Occupancy
Tenant
Possession Date
TBD
Taxes (2023)
$16,550
Tax Type
Annual
Directions/Cross Streets
Fallingbrook & Lake Ontario
Neighbourhood
Birchcliffe-Cliffside
Area
Toronto
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
70 x 225 ft
Lot Irregularities
See attached survey
Total Area
21,549.33 ft2
Air Conditioning
N
Garage Type
None
Parking Spaces
6
Heat Type
Gas Hot Water
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
RA
Seller Property Info Statement
N
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