3025 Queen St E
Birchcliffe-Cliffside, Scarborough, M1N 1A5
FOR SALE
$4,099,000
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9 + 4
BEDROOMS9
BATHROOMS6 + 1
KITCHENS25 + 6
ROOMSE9364061
MLSIDContact Us
Property Description
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 $350,760 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, access is through 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). Being sold as-is/where is and is ready for your finishes. Do NOT walk the property without an appointment.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-23 | 2024-09-23 | 123 | $4,849,000 | - | Terminated |
| 2023-09-26 | 2024-03-31 | 187 | $5,400,000 | - | Expired |
| 2023-09-26 | 2024-03-31 | 187 | $5,400,000 | - | Expired |
| 2022-03-10 | 2022-06-30 | 112 | $5,889,000 | - | Expired |
| 2021-10-07 | 2022-02-14 | 130 | $5,889,000 | - | Expired |
| 2021-01-21 | 2021-06-06 | 136 | $6,499,900 | - | Terminated |
| 2021-01-06 | 2021-01-09 | 3 | $6,499,999 | - | Terminated |
Nearby Intersections
Property Features
Beach, Clear View, Cul De Sac, Lake/Pond, Waterfront
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Lot Size
70' x 225'
Acreage
.50-1.99
Lot Irregularities
See attached survey
Fronting
South
Taxes
$16,550 (2023)
Basement
Apartment
Exterior
Brick, Stone
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Rt-Of-Way
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
3025 Queen St E is a 9-bedroom 9-bathroom home listed for sale at $4,099,000, which is $2,499,000 (156.2%) higher than the average sold price of $1,600,000 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 9 bedroom home in Scarborough declined by $1,021,944 (39.0%) compared to the previous 30 day period (October 3 - November 1) and down $330,000 (17.1%) from the same time one year ago.Inventory Change
There were 4 9-bedroom homes listed in Scarborough over the last 30 days (November 2 - December 1), which is down 33.3% compared with the previous 30 day period (October 3 - November 1) and down 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Scarborough typically sold $101,000 (6.3%) above asking price over the last 30 days (November 2 - December 1), which represents a $154,006 increase compared to the previous 30 day period (October 3 - November 1) and ($382,999) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 9-bedroom homes in Scarborough over the last 30 days (November 2 - December 1) stood at 25.0%, down from 33.3% over the previous 30 days (October 3 - November 1) and down from 60.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 9-bathroom home in Scarborough stood at 29 days when successfully sold over the last 30 days (November 2 - December 1), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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