558-562 Kingston Rd
East End-Danforth, Scarborough, M4E 1P9
FOR SALE
$5,788,000
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8 + 8
BEDROOMS8
BATHROOMS8
KITCHENS24
ROOMSE9918380
MLSIDContact Us
Property Description
Mid-Rise Development Opportunity in the Heart of the Toronto Beaches. Existing Properties with a Total Area of 92.66 x 150 ft on Kingston Rd, Backing Onto Stunning Ravine Setting. Currently Fully Rented, Each Lot Is a Fourplex with a Combined Total of 8 Two-Bedroom Rental Units, with Total Gross Income of $184,272/yr. Incredible Location with TTC Street Car in front, Mins to Queen St & the Beach, Multiple Shops, Parks & Restaurants of Kingston Road Village, Downtown Core and Highways.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-06 | 2024-07-30 | 85 | $5,749,000 | - | Expired |
| 2024-01-16 | 2024-04-30 | 105 | $7,000,000 | - | Expired |
Extras
Fantastic Investment Opportunity. Existing Building Street Addresses are 558/560 Kingston Rd and 562/564 Kingston Rd; Currently Registered as 558 Kingston Rd & 562 Kingston Rd.
Nearby Intersections
Property Features
Public Transit, Ravine
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
93' x 151'
Fronting
North
Taxes
$15,944 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Listing contracted with Royal Lepage Terrequity Confidence Realty
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Tremendous Long term Investment Strategy In vibrant Danforth and Woodbine Area. 10 Premium Residential Rental units with 1 commercial Tenant. No expense or detail spared. Would make a great addition to any Toronto Portfolio. All units are completely self contained. In-demand location. Steps to Danforth Shopping, Woodbine and Transit. 4- One Bedroom suites & 6-Two Bedroom suites.Extras: Separate gas and hydro meters.
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