For sale

558-562 Kingston Rd

East Danforth, Toronto, Ontario

Schedule Visit View Other Freeholds

Bedrooms

8

Bathrooms

8

Parking

8

Price

$5,998,000

MLS© ID

E8309972

Approx. Age

N/A

Listed Since

May 6th, 2024

Exterior

Brick,

Air Conditioning

None

Heating

Forced Air

Pool

None

Type

Multiplex

Aprox. sq. footage

N/A

Taxes

$15,944

Style

2-Storey

Garage

None

Basement

Finished

Fireplace

Yes

Lot Size

91.00 x 150.64 Feet

Type Level Dimensions
2nd Br Flat 0.00x0.00
Br Flat 0.00x0.00
Dining Flat 0.00x0.00
Kitchen Flat 0.00x0.00
Living Flat 0.00x0.00

DESCRIPTION

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

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

Interested in a viewing or more information?