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$ 2,399,000
Est. payment /mo
Pending
692 Richmond ST W Toronto C01, ON M6J 1C5
3 Beds
4 Baths
UPDATED:
10/03/2024 07:36 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID C9017771
Style 2-Storey
Bedrooms 3
Annual Tax Amount $6,749
Tax Year 2023
Property Description
Wow, one of the first factories in the Fashion District! Cool factor, check! This 150 year-old classic red brick building with gorgeous stained glass, exposed brick & wood beams, was cleverly converted into four self-contained units. Currently, there are three updated residential apartments. Each have renovated kitchens and baths with incredible windows, character & square footage! There's also a fourth unit that provides an option to easily add value in the 1,515SF unfinished lower level that already has 8'+ ceiling height, large windows and two entrances! A premium 25 by 105 Detached lot abutting two laneways, with over 20 windows on all four exposures of the building, this is a great opportunity for Investors, End-users or Developers alike! Currently the upper unit is a 1,475SF 1 bed, 1 bath, laundry + rooftop deck (tenanted with great tenants). Main (front) is 950SF 1 bed, 1 bath, laundry + front porch (tenanted with great tenants). Main (back) is 540SF + backyard. All with separate entrances and hydro meters! Vacant possession is possible. Endless potential for laneway development, third floor addition (or up to 6-storeys), return to single family "super house", trophy "purpose-built rental", one or two basement apartments, commercial applications in lower level (was a greeting card business), get creative because the sky is the limit! In the new "protected transit zone" allowing for much larger density. Ideally located in one of the best blocks in all of Downtown Toronto on a quiet one-way street in Iconic neighbourhood. Walk in any direction to Downtown's most sought after amenities. Trinity-Bellwoods Park, Queen West, Dundas West, King West, new King/Bathurst Subway, Financial District, Ossington strip, King & Portland, the Lake, Porter Airport and the Highway.
Location
Province ON
County Toronto
Rooms
Family Room No
Basement Separate Entrance, Walk-Out
Kitchen 3
Interior
Interior Features Separate Hydro Meter, Brick & Beam, Accessory Apartment
Cooling Other
Fireplaces Type Wood Stove
Fireplace Yes
Exterior
Garage Lane
Garage Spaces 1.0
Pool None
Waterfront No
Roof Type Shingles
Building
Unit Features Public Transit,School,Hospital,Park,Rec./Commun.Centre
Foundation Unknown
Listed by HARVEY KALLES REAL ESTATE LTD.