533 Kingston Road,Toronto (The Beaches), ON M4L1V5
Toronto (The Beaches), ON M4L1V5
Description
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:374)
Details
| MLS # | E13778770 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 20 |
| Listing Provided By | RE/MAX ULTIMATE REALTY INC. | MAX TAYLOR |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Window air conditioner |
|---|---|
| Heating | Natural gas |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 0 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6583.18 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (The Beaches) |
| Postal Code | M4L1V5 |
| Listing VS Median (in M4L1V5) | |
Price: $1,299,000 low | high Med: $1,124,900 sqft: 2,000 low | high Med: 1,200 $ / sqft: $650 low | high Med: $937 On site: 20 low | high Med: 26 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (The Beaches) |
| Postal Code | M4L1V5 |
| Listing VS Median (in M4L1V5) | |
Price: $1,299,000 low | high Med: $1,124,900 sqft: 2,000 low | high Med: 1,200 $ / sqft: $650 low | high Med: $937 On site: 20 low | high Med: 26 | |
