$3,700,000 Sale

Listed 0 hours ago

558-562 KINGSTON ROAD

MLS® e14175660 Fourplex

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Beds · 16

Baths · 8.0

Parking · 8

Sqft · 5000 - 100000

Est. mortgage

$14,037/mo

Key Facts

Key facts for 558-562 KINGSTON ROAD

Property Type

Apartment

Parking

Garage: No, 8 parking

MLS #

E14175660

Size

5000 - 100000 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 annua...l 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:10452)

Full Property Details

Interior

Bedrooms

Washrooms

8.0

Square Footage

5000 - 100000 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Radiant heat

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

8.0

Square Footage

5000 - 100000 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Radiant heat

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Exterior

Acreage

91 x 150 FT

Parking Spaces

Garage Spaces Y/N

Acreage

91 x 150 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Fourplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Fourplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

The Beaches

Area Code

Toronto (The Beaches)

Community

The Beaches

Area Code

Toronto (The Beaches)

Room Types

Bedroom

Dimensions 3.12 m x 3.46 m

116.2 sqft

Bedroom 2

Dimensions 2.68 m x 3.84 m

110.77 sqft

Dining room

Dimensions 4.13 m x 2.77 m

123.14 sqft

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Malcolm Stewart

Email: malcolm-stewart@coldwellbanker.ca Cell: 613-252-6788