533, Kingston, The Beaches, Toronto, Residential Freehold
- 7 beds |
- 3 baths |
- 2000-2500 SQFT
Description
Residential Freehold Multiplex For Sale.
Client Remarks533 Kingston Rd presents an exceptional opportunity to own a fully self-contained 3-unit income property in a rapidly developing Upper Beaches location near Kingston Rd & Lee Ave. Priced to sell at over a 4% cap rate and with ~$75K in annual rental income, this well-maintained investment property offers strong income potential and long-term upside in one of Toronto's most vibrant east-end communities. Financials attached. Featuring three spacious units, including a rare and highly desirable 3-bedroom upper suite, the property is well-positioned to attract consistent tenant demand. The lower and upper units have undergone recent renovations with updated finishes throughout, while the main level is well-maintained and offers excellent functionality. Updated mechanics include a newer boiler with radiant heat throughout. Shared laundry is conveniently located on-site, and the property includes 3 fridges, 3 stoves, and 3 dishwashers, making this a turnkey investment opportunity. The property also features 2 separate meters and 2 separate services with potential for a third. Ideally located steps to transit at your doorstep, local cafes, restaurants, and shops along Kingston Road, and within walking distance to the Beach and waterfront trails, this vibrant, community-oriented neighbourhood continues to experience strong growth and redevelopment, supporting excellent long-term appreciation and consistent rental demand. Disclaimer: Photos of the upper unit were taken prior to the current tenancy. The unit is now occupied and will be furnished during showings.
Interior Features: Separate Hydro Meter
Cross Street: Kingston Road & Lee Ave
Direction Faces: South
Key Facts
- Days on: 0 days
- Mls Status: New
- Board Property Type: Free
- Bedrooms Total: 7
- Bedrooms Below Grade: 2
- Bedrooms Above Grade: 5
- Den / Family Room: Yes
- Bathrooms Total Integer: 3
- Lot Width: 26.50
- Kitchens Total: 3
- Parking Features: None
- Garage Type: None
- Heat Source: Gas
- Heat Type: Water
- Cooling: Window Unit(s)
- Living Area Range: 2000-2500 Square Feet
Location 533, Kingston, The Beaches, Toronto
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