$5,998,000
Available - For Sale
Listing ID: E8309972
558-562 Kingston Rd , Toronto, M4E 1P9, Ontario


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
Price $5,998,000
Taxes: $15943.94
Address: 558-562 Kingston Rd , Toronto, M4E 1P9, Ontario
Lot Size: 91.00 x 150.64 (Feet)
Directions/Cross Streets: Kingston Rd & Lee Ave
Rooms: 24
Bedrooms: 8
Bedrooms +: 8
Kitchens: 8
Family Room: N
Basement: Finished
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 8
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
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Hamid-Reza Danaie
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto
Neighbourhood: East End-Danforth
Style: 2-Storey
Lot Size: 91.00 x 150.64(Feet)
Approximate Age:
Tax: $15,943.94
Maintenance Fee: $0
Beds: 8+8
Baths: 8
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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