16 Bedroom
8 Bathroom
5,000 - 100,000 sqft
None
Radiant Heat
$3,700,000
**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:67892)
Property Details
|
MLS® Number
|
E14175660 |
|
Property Type
|
Multi-family |
|
Community Name
|
The Beaches |
|
Parking Space Total
|
8 |
Building
|
Bathroom Total
|
8 |
|
Bedrooms Above Ground
|
16 |
|
Bedrooms Total
|
16 |
|
Basement Type
|
None |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Unknown |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Size Interior
|
5,000 - 100,000 Sqft |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
150 Ft |
|
Size Frontage
|
91 Ft |
|
Size Irregular
|
91 X 150 Ft |
|
Size Total Text
|
91 X 150 Ft |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Upper Level |
Family Room |
3.75 m |
4.4 m |
3.75 m x 4.4 m |
|
Upper Level |
Dining Room |
4.13 m |
2.77 m |
4.13 m x 2.77 m |
|
Upper Level |
Kitchen |
4.2 m |
2.6 m |
4.2 m x 2.6 m |
|
Upper Level |
Bedroom |
3.12 m |
3.46 m |
3.12 m x 3.46 m |
|
Upper Level |
Bedroom 2 |
2.68 m |
3.84 m |
2.68 m x 3.84 m |
https://www.realtor.ca/real-estate/30507983/558-562-kingston-road-toronto-the-beaches-the-beaches