533 KINGSTON ROAD, Toronto (The Beaches), Ontario, M4L1V5
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. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-875-5957
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 533 KINGSTON ROAD, Toronto (The Beaches), Ontario, M4L1V5
- Community Name: The Beaches
- Property Type: Multi-family
- Lot Size: 26.5 x 89.1 FT
- Acreage: 26.5 x 89.1 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Structure Style: Other
- Storeys: 2
- Floor Space: 2000 - 2500 sqft
- Bedrooms: 5 + 2
- Bathrooms: 3-Total
- Basement Type: N/A
- Heating Type: Natural gas
- Cooling: Window air conditioner
- Exterior Type: Brick
- Flooring: Ceramic, Hardwood, Carpeted
- Foundation Type: Concrete
- Appliances Included: Dishwasher, Dryer, Stove, Washer, Refrigerator
| Type | Level | Dimensions |
|---|---|---|
| Living room | Lower level | 3.65 m x 3.04 m |
| Dining room | Lower level | 2.68 m x 3.99 m |
| Bedroom | Lower level | 3.01 m x 2.86 m |
| Kitchen | Lower level | 2.4 m x 6.88 m |
| Bedroom | Lower level | 3.01 m x 3.1 m |
| Living room | Main level | 3.15 m x 4.78 m |
| Bedroom | Main level | 3.82 m x 3.24 m |
| Kitchen | Main level | 5.86 m x 4.16 m |
| Bedroom | Main level | 3.25 m x 4.83 m |
| Family room | Upper Level | 3.3 m x 4.82 m |
| Dining room | Upper Level | 3.7 m x 2.93 m |
| Bedroom | Upper Level | 3.64 m x 3.34 m |
Listing Offices: RE/MAX ULTIMATE REALTY INC.
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Located on a quiet, tree-lined street in Toronto's highly desirable...
- 7 Beds
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