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$ 3,700,000
Est. payment | /mo
16 Beds
8 Baths
$ 3,700,000
Est. payment | /mo
16 Beds
8 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Municipality Toronto E02
Subdivision The Beaches
MLS Listing ID E14175660
Style Other
Bedrooms 16
Annual Tax Amount $18,045
Tax Year 2025
Property Sub-Type Fourplex
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.
Location
Province ON
County Toronto
Community Toronto E02
Area Toronto
Rooms
Family Room Yes
Basement None
Kitchen 8
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Shingles
Lot Frontage 91.0
Lot Depth 150.0
Total Parking Spaces 8
Building
Foundation Unknown
Others
ParcelsYN No
Listed by SOLTANIAN REAL ESTATE INC.
Nearby Locations
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