692 Richmond St W

Niagara, Toronto, M6J 1C5
FOR SALE
$2,399,000
692 Richmond St W, Toronto
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
692 Richmond St W
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3
BEDROOMS
4
BATHROOMS
3
KITCHENS
12 + 5
ROOMS
C9017771
MLSID
Contact Us
Property Description
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.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-09-26 2024-06-20 273 $2,650,000 - Expired
2023-03-10 2023-09-09 184 $2,999,900 - Expired
2022-12-03 2023-03-03 90 $3,150,000 - Terminated
2022-09-16 2022-12-02 77 $3,250,000 - Terminated
Extras
1 car garage off of laneway is currently used as storage.
Nearby Intersections
Property Features
Hospital, Park, Public Transit, Rec Centre, School
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
25' x 105'
Fronting
North
Taxes
$6,749 (2023)
Basement
Sep Entrance, W/O
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Other
Water
Municipal
Parking Spaces
1
Driveway
Lane
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain20.21' x 19.19'
KitchenMain14.99' x 10.01'
BrMain13.98' x 9.48'
LivingMain14.01' x 17.98'
BrMain14.01' x 17.98'
KitchenMain7.71' x 12.99'
Living2nd22.11' x 24.02'
Kitchen2nd7.51' x 10.01'
Br2nd14.40' x 11.61'
Other2nd21.69' x 14.50'
OfficeLower21.69' x 40.03'
OtherLower21.69' x 12.99'
Toronto Market Statistics
Toronto Price Trend
692 Richmond St W is a 3-bedroom 4-bathroom home listed for sale at $2,399,000, which is $1,120,539 (87.6%) higher than the average sold price of $1,278,461 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Toronto increased by $3,052 (0.2%) compared to the previous 30 day period (July 17 - August 15) and down $50,843 (3.8%) from the same time one year ago.
Inventory Change
There were 929 3-bedroom homes listed in Toronto over the last 30 days (August 16 - September 14), which is up 34.8% compared with the previous 30 day period (July 17 - August 15) and up 5.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold ($2,281) (0.2%) below asking price over the last 30 days (August 16 - September 14), which represents a $20,078 decrease compared to the previous 30 day period (July 17 - August 15) and $34,973 less 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 3-bedroom homes in Toronto over the last 30 days (August 16 - September 14) stood at 40.7%, down from 57.9% over the previous 30 days (July 17 - August 15) and down from 44.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Toronto stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Harvey Kalles Real Estate Ltd.
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