$5,998,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 8+8Bathrooms: 8Lot: 91 x 150.64 ft
2023 Taxes: $15,943.94

558-562 Kingston Rd
Toronto, ON M4E 1P9 | East End-Danforth

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
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Listed By RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E8309972
Last Updated May 06, 2024
Property Summary
Property Type Multiplex

More like this:
Legal Description See Schedule B
Possession Date tbd
Taxes (2023) $15,943.94
Directions/Cross Streets Kingston Rd & Lee Ave
Neighbourhood East End-Danforth
Area Toronto
Price History

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Detailed Information
Fronting On N
Special Designations Unknown
Bedrooms 8+8
Bathrooms 8
Rooms 24
Kitchens 8
Lot 91 x 150.64 ft
Exterior Brick
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement Finished
Drive Private
Garage Spaces 0.0
Garage Type None
Parking Spaces 8
Total Parking Spaces 8.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
LivingFlat
DiningFlat
KitchenFlat
BrFlat
2nd BrFlat
Bathrooms
Pieces Level
3

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