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$ 1,329,000
Est. payment /mo
New
533 KINGSTON ROAD Toronto (the Beaches), ON M4L1V5
7 Beds
3 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Square Footage 2,000 sqft
Price per Sqft $664
Subdivision The Beaches
MLS® Listing ID E13526126
Bedrooms 7
Property Description
533 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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Lower level 2.4 m X 6.88 m Kitchen
Extra Room 2 Lower level 3.01 m X 3.1 m Bedroom
Extra Room 3 Lower level 3.01 m X 2.86 m Bedroom
Extra Room 4 Lower level 3.65 m X 3.04 m Living room
Extra Room 5 Lower level 2.68 m X 3.99 m Dining room
Extra Room 6 Main level 3.15 m X 4.78 m Living room
Interior
Cooling Window air conditioner
Flooring Ceramic, Carpeted, Hardwood
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX ULTIMATE REALTY INC.