558-562 Kingston Rd
East End-Danforth, Scarborough, M4E 1P9
FOR SALE
$5,749,000
Expired
$0
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8 + 8
BEDROOMS8
BATHROOMS8
KITCHENS24
ROOMSE8309972
MLSIDContact Us
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 |
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Property Description
Truly exceptional opportunity for a future mid-rise development in the heart of the Toronto Beaches! Site plan submitted to City & under review for rezoning for an 8-storey building with 57 units (49 condo, 8 rental) & 21 underground parking spots. Total lot size 91x150 ft with development potential of 37,800 sf (buyer to verify with City). Backs onto beautiful ravine setting (**submitted site plans have been approved by TRCA for the distance of the proposed building to the ravine slope**) Existing lots each currently have a fourplex with a combined total of 8 two-bedroom rental units with total gross income of $184,272/yr. Incredible location with TTC at your doorstep! Short walk to Queen Street and the beach! Just steps to the trendy shops & restaurants of Kingston Road Village! Quick access to the downtown core and highways!
Extras
Property Brochure and Site Plans available upon request. Existing building street addresses are 558/560 Kingston Rd and 562/564 Kingston Rd -- registered as 558 Kingston Rd & 562 Kingston Rd
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
91' x 151'
Fronting
North
Taxes
$15,944 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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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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