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533 KINGSTON ROAD, Toronto (The Beaches) — listed at $1,299,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Client Remarks533 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 cafes, 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. Disclaimer: Photos of the upper unit were taken prior to the current tenancy. The unit is now occupied and will be furnished during showings. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Lower level | 3.65 x 3.04 meters |
| Family room | Upper Level | 3.3 x 4.82 meters |
| Living room | Main level | 3.15 x 4.78 meters |
| Dining room | Upper Level | 3.7 x 2.93 meters |
| Bedroom | Upper Level | 3.64 x 3.34 meters |
| Bedroom | Main level | 3.82 x 3.24 meters |
| Kitchen | Main level | 5.86 x 4.16 meters |
| Dining room | Lower level | 2.68 x 3.99 meters |
| Bedroom | Lower level | 3.01 x 2.86 meters |
| Kitchen | Lower level | 2.4 x 6.88 meters |
| Bedroom | Lower level | 3.01 x 3.1 meters |
| Bedroom | Main level | 3.25 x 4.83 meters |
What makes this a luxury property?+
At $1,299,000, standout features include 3 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Is 533 KINGSTON ROAD a good fit for a growing family?+
With 7 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What's the parking situation?+
This property includes 0 spaces — No Garage.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 7 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,583.18, heating is natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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