Fourplex for Sale: 558-562 Kingston Road, The Beaches, Toronto
- 16 beds |
- 8 baths |
- 5000 + SQFT
Description
Residential Freehold Fourplex For Sale.
**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.
Interior Features: Other
Cross Street: Kingston Rd & Lee Ave
Direction Faces: South
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 16
- Bedrooms Above Grade: 16
- Den / Family Room: Yes
- Bathrooms Total Integer: 8
- Lot Width: 91.00
- Kitchens Total: 8
- Parking Total: 8
- Parking Spaces: 8
- Parking Features: Private
- Garage Type: None
- Heat Source: Gas
- Heat Type: Radiant
- Cooling: None
- Living Area Range: 5000 + Square Feet
Location 558-562, Kingston, The Beaches, Toronto
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