558-562 KINGSTON ROAD
Toronto (The Beaches), Ontario
MLS® E14175660
$3,700,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- E14175660
- Bedrooms
- 16
- Bathrooms
- 8
- Year built
- —
1 / 3Listing description
**RARE INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE PRESTIGIOUS TORONTO BEACHES! ** An exceptional opportunity to acquire two existing fourplex properties at 558 & 562 Kingston Road, featuring a combined total of 8 spacious two-bedroom rental apartments, generating approximately **$195,000 in annual gross rental income! ** Both buildings are fully tenanted, offering an established rental income stream in one of Toronto's most desirable neighbourhoods.
Situated on a generous combined lot of approximately **92. 66 ft x 150 ft**, backing onto a beautiful ravine and located among existing mid-rise buildings. An excellent opportunity for investors seeking rental income today while considering the property's long-term investment value.
**FUTURE REDEVELOPMENT CONSIDERATIONS:** Seller advises that a planning application for a proposed 57-suite mid-rise rental building has been submitted to the City. Any redevelopment would be subject to applicable zoning, municipal requirements and necessary approvals. No approval of the proposed development is represented.
**PRIME LOCATION! ** TTC at your doorstep, steps to Kingston Road Village, shops, cafés and restaurants, a short walk to Queen Street East and the Beach, with convenient access to downtown Toronto. **AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE TWO ESTABLISHED INCOME-PRODUCING PROPERTIES IN A HIGHLY SOUGHT-AFTER LOCATION!
** Existing municipal addresses: 558/560 and 562/564 Kingston Road.
Property summary
- MLS® number
- E14175660
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 91 x 150 FT
- Annual property taxes
- $18,045.30
- Parking
- 8 spaces · No Garage
- Days on market
- 1 day
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- None
- Exterior features
- Brick
What would this home cost you?
Based on the $3,700,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SOLTANIAN REAL ESTATE INC., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.