558-562 Kingston Road For Sale

Toronto, East End-Danforth, M4E 1P9

$5,998,000

Description

Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD..

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 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

Location

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  • Address: 558-562 Kingston Road
  • Neighborhood: East End-Danforth
  • City: Toronto
  • State: Ontario
  • Postal Code: M4E 1P9

Property Details

  • Property ID: E8309972
  • Property Price: $5,998,000
  • Style: Multiplex, 2-Storey
  • Rooms: 24
  • Bedrooms: 8+8
  • Bath: 8
  • Parking Spaces: 8
  • Basement: Finished
  • Den: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $15,943.94 (2023)
  • Lot: 150.64x91.00 (Feet)

Property History

This property has been sold 1 time before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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