533 Kingston Road, Toronto, Ontario, Canada, M4L1V5
1,299,000
for Sale
5 + 2
3
2000-2500
About the property:
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.
Extra info:
3 Fridges, 3 Stoves, 2 Dishwashers, 1 Washer/Dryer, Elfs, Broadloom Where Laid, Boiler, 2 Meters + 2 Separate Services Can Be 3. Shingles & Eaves-Troughs Replaced (2017).
Multiplex
other
- Property Type:
- Multiplex
- Status:
- for Sale
- House Style:
- other
- Bedrooms:
- 5 + 2
- Bathrooms:
- 3
- Land Size:
- 26.5 x 89.06 FT
- Heating Type:
- Water
- Heating Fuel:
- Gas
- Cross Street:
- Kingston Road & Lee Ave
- Exterior:
- Brick
- Basement:
- Apartment, Apartment
- Fronting On:
- S
- Possession Date:
- 30-60-90 tbd
- Annual Property Taxes:
- 6,583.18
- Listing ID:
- E13778770
Rooms
Dimensions
Lower
- Living Room
- 3.65m x 3.4mLiving Room W/O To Terrace Ceramic Floor Fireplace
- Dining Room
- 2.68m x 3.99mDining Room Ceramic Floor
- Bedroom
- 3.1m x 2.86mBedroom Broadloom
- Kitchen
- 2.4m x 6.88mKitchen Ceramic Floor
- Bedroom
- 3.1m x 3.1mBedroom Broadloom
Upper
- Family Room
- 3.3m x 4.82mFamily Room Hardwood Floor
- Dining Room
- 3.7m x 2.93mDining Room W/O To Balcony Hardwood Floor
- Bedroom
- 3.64m x 3.34mBedroom Irregular Room Hardwood Floor
Main
- Living Room
- 3.15m x 4.78mLiving Room W/O To Terrace Hardwood Floor Fireplace
- Bedroom
- 3.82m x 3.24mBedroom Hardwood Floor
- Kitchen
- 5.86m x 4.16mKitchen Irregular Room Hardwood Floor
- Bedroom
- 3.25m x 4.83mBedroom Hardwood Floor
Brokered by:
RE/MAX Ultimate Realty Inc.
Source: TRREB/PROPTX
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