$3,700,000
For sale: Multiplex

Own your own castle in the city!!! Rare 7-unit investment property with exceptional character and history, located in the Beaches and overlooking Lake Ontario. Known as Chateau de Quatre Vents (Castle of the Four Winds), this landmark was designed by the architect of Casa Loma and Old City Hall. The home has been converted into 7 self-contained suites, each with separate hydro. Three units are currently rentable; four units are under renovation with plumbing and electrical completed, ready for finishing. The layout includes five 2-bedroom and two 1-bedroom suites, with projected gross income of approximately $350,000 annually once completed. Although the civic address is Queen Street, the house is set back over 100 feet from the street on a bluff facing the lake, with sweeping views from most principal rooms. Access is from a walkway off Queen Street or via a winding driveway from Rockaway Crescent. The property is subject to a Heritage designation under the Ontario Heritage Act. I Do not walk the property without an appointment.
Sold data
Multiplex homes in Toronto (Birchcliffe-Cliffside) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 73, across 34 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.
The median sale price was $1,262,000.
Homes sold for about 5.7% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 34 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Birchcliffe-Cliffside) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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