692 Richmond Street Sold 3 days ago

Toronto, Niagara, M6J 1C5

$2,399,000$000000

Description

Listed by HARVEY KALLES REAL ESTATE LTD..

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.

1 car garage off of laneway is currently used as storage.

Location

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  • Address: 692 Richmond Street
  • Neighborhood: Niagara
  • City: Toronto
  • State: Ontario
  • Postal Code: M6J 1C5

Property Details

  • Property ID: C9017771
  • Property Price: $2,399,000
  • Style: Detached, 2-Storey
  • Sq/Ft: 3000-3500
  • Rooms: 12+5
  • Bedrooms: 3
  • Bath: 4
  • Garages Spaces: 1
  • Garage: Detached
  • Parking Spaces: 1
  • A/C: Other
  • Basement: Sep Entrance, W/O
  • Den: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Baseboard
  • Fireplace: Y
  • Taxes: $6,749.05 (2023)
  • Lot: 105.00x25.00 (Feet)

Room details and dimensions

Statistics for similar Detached homes in Niagara

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Average days on market for similar Detached homes in Niagara

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in Niagara

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100