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$4,099,000
Available - For Sale
Listing ID: E12056874
**Power of Sale** 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 $350k 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 with access from 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 and lot lines). Property being sold under Power of Sale in as-is/where-is condition without any warranty from the Seller. Do NOT walk the property without an appointment.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $204,950 $409,900 $614,850 $819,800
First Mortgage $3,894,050 $3,689,100 $3,484,150 $3,279,200
CMHC/GE $107,086.38 $73,782 $60,972.63 $0
Total Financing $4,001,136.38 $3,762,882 $3,545,122.63 $3,279,200
Monthly P&I $17,136.56 $16,116.13 $15,183.49 $14,044.56
Expenses $0 $0 $0 $0
Total Payment $17,136.56 $16,116.13 $15,183.49 $14,044.56
Income Required $642,620.88 $604,354.95 $569,380.7 $526,670.98

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

3025 Queen Stre East , Toronto, M1N 1A5, Toronto

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto E06
Neighbourhood: Birchcliffe-Cliffside
Style: 2 1/2 Storey
Lot Size: x 225.00(Feet)
Approximate Age:
Tax: $16,550
Maintenance Fee: $0
Beds: 9+4
Baths: 9
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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