Active

692 Richmond St W

Toronto Ontario, M6J 1C5

C$2,399,000


Active

3 Beds

4 Baths

Residential

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.

C9017771

MLS ID

October 4, 2024

Updated

Map

692 Richmond St W
Toronto Ontario, M6J 1C5

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

4


Fireplace

Yes


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Hospital, Park, Public Transit, Rec Centre, School


Sewer

Sewers

Other Property Details

Area Name

Niagara


Taxes

$6,749


Tax Frequency

Annually


Garage

Yes


Garage Spaces

1


Parking

Detached


Parking Total

1


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None


Zoning

R(d1*869) with four self-contained units

 

Courtesy of Listed by , HARVEY KALLES REAL ESTATE LTD.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 1:49 AM UTC, 10/4/2024

 

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