**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:60120)
| MLS® Number | E14175660 |
| Property Type | Multi-family |
| Community Name | The Beaches |
| Parking Space Total | 8 |
| 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 |
| No Garage |
| 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 |
| 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
Contact us for more information
Sharon Soltanian
Broker of Record
(416) 901-8881
www.sharonsoltanian.com
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