558-562 Kingston Road, Toronto E02, ON M4E 1P9, Toronto E02, ON
Bed 16
Bath 8
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!
Property Highlights
For Sale
MLS NO.
E8309972
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
16
Bathrooms
8
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
E8309972
Total Bedrooms
16
Bedrooms Above Grade
8
Bedrooms Below Grade
8
Total Bathrooms
8
Total Kitchens
8
Kitchens Above Grade
8
Rooms Above Grade
24
Interior Features
Other
Fireplace
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
91.0
Parking Features
Private
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
North
Cooling
None
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
558-562 Kingston Road, Toronto E02, ON M4E 1P9
City
Toronto E02
Neighbourhood
East End-Danforth
County / Region
Toronto
Province / State
ON
Postal Code
M4E 1P9
Cross Street
Kingston Rd & Lee Ave
List Price
$5,749,000
Annual Taxes
$15,944
Tax Year
2023
Legal Description
See Schedule B
Possession Details
tbd
Listing Office
RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2024-05-06T18:23:09Z
Media Updated
2024-05-06T18:23:09Z
Photos Updated
2024-05-06T18:23:09Z
Last Modified
2024-07-31T05:15:25Z
System Modified
2025-10-11T13:33:08.0868Z
MLS Status
Expired
Architectural Style
2-Storey
Basement
Finished
Ddfyn
Yes
Expiration Date
2024-07-30
Foundation Details
Unknown
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
8
Public Remarks
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!
