Toronto Luxury Condos and Homes

692 Richmond Street

$2,399,000

3-Bed

4-Bath

3000-3500 Sq. ft

Listed on 7/8/24

Come live in this 3-bed, 4-bath Home

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.

Extras

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

Property History

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Gallery

MLS #

C9017771

Style

Detached, 2-Storey

Sq/Ft

3000-3500

Rooms

12+5

Bedrooms

3

Bathrooms

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)

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Homes 692 Richmond Street, Toronto