3
See all 3 photos
$3,700,000
Est. payment /mo
16 Beds
8 Baths
New
558-562 KINGSTON ROAD Toronto, ON M4E1P9
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Subdivision The Beaches
MLS® Listing ID E14175660
Bedrooms 16
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Upper Level 3.75 m X 4.4 m Family room
Extra Room 2 Upper Level 4.13 m X 2.77 m Dining room
Extra Room 3 Upper Level 4.2 m X 2.6 m Kitchen
Extra Room 4 Upper Level 3.12 m X 3.46 m Bedroom
Extra Room 5 Upper Level 2.68 m X 3.84 m Bedroom 2
Interior
Heating Radiant heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Building
Sewer Sanitary sewer
Listed by SOLTANIAN REAL ESTATE INC.
NEIGHBORHOODS
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