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$5,998,000
Available - For Sale
Listing ID: E8309988
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: $15,943.94
Tax Type: Annual
Occupancy by: Tenant
Address: 558-562 Kingston Rd , Toronto, M4E 1P9, Ontario
Postal Code: M4E 1P9
Province/State: Ontario
Lot Size: 91 x 150.64 (Feet)
Directions/Cross Streets: Kingston Rd & Lee Ave
Zoning: R(dd1*683)
Category: Apartment
Building Percentage: Y
Total Area: 13,562.51
Total Area Code:  Sq Ft
Heat Type: Gas Forced Air Open
Central Air Conditioning: N
Sewers: Sanitary
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.

558-562 Kingston Rd , Toronto, M4E 1P9, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: The Beaches
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Lot Size: 91.00 x 150.64(Feet)
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Tax: $15,943.94
Maintenance Fee: $0
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