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$ 1,409,000
Est. payment /mo
New
533 Kingston RD Toronto E02, ON M4L 1V5
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto E02
Subdivision The Beaches
MLS Listing ID E13151470
Style 2-Storey
Bedrooms 7
Annual Tax Amount $6,583
Tax Year 2025
Property Sub-Type Multiplex
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 cafés, 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
Location
Province ON
County Toronto
Community Toronto E02
Area Toronto
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Separate Hydro Meter
Heating Yes
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Shingles
Lot Frontage 26.5
Lot Depth 89.06
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX ULTIMATE REALTY INC.