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
Presented By:

Welcome To Realtor Doctor

Licensed REALTORĀ®

RE/MAX Ultimate Realty Inc., Brokerage *