533 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 cafés, 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
Address
533 Kingston Road
List Price
$1,409,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto E02
Sub-Area
The Beaches
Region
Toronto
Bedrooms
5 + 2
Bedrooms (Total)
7
Rooms Above Grade
11
Rooms Below Grade
5
Rooms (Total)
16
Bathrooms
3
Floor Area
2000-2500 Sq. Ft.
Lot Depth
89.06
Lot Size Units
Feet
Lot Width
26.5
Parcel Number
210180438
Occupant Type
Tenant
Cross Street
Kingston Road & Lee Ave
MLS® Number
E13151470
Listing Brokerage
RE/MAX ULTIMATE REALTY INC.
Basement Area
Apartment
Postal Code
M4L 1V5
Posession Details
30-60-90 tbd
Parking
None
Tax Amount
$6,583.18
Tax Year
2025
Interior Features
Separate Hydro Meter
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Water
Cooling
Yes
Cooling Features
Window Unit(s)
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Shingles
Tax Legal Description
PART LOT 9 SOUTH SIDE KINGSTON ROAD PLAN 90 TORONTO, DESIGNATED AS PARTS 1, 2, 3, 4 & 5 PLAN 66R30328; SUBJECT TO AND TOGETHER WITH CT609321 CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 3.15 x 4.78 Meters | Fireplace, Hardwood Floor, W/O To Terrace |
| Main | Kitchen | 5.86 x 4.16 Meters | Hardwood Floor, Irregular Room |
| Main | Bedroom | 3.82 x 3.24 Meters | Hardwood Floor |
| Main | Bedroom | 3.25 x 4.83 Meters | Hardwood Floor |
| Upper | Dining Room | 3.7 x 2.93 Meters | Hardwood Floor, W/O To Balcony |
| Upper | Bedroom | 3.64 x 3.34 Meters | Hardwood Floor, Irregular Room |
| Upper | Family Room | 3.3 x 4.82 Meters | Hardwood Floor |
| Lower | Living Room | 3.65 x 3.04 Meters | Ceramic Floor, Fireplace, W/O To Terrace |
| Lower | Dining Room | 2.68 x 3.99 Meters | Ceramic Floor |
| Lower | Kitchen | 2.4 x 6.88 Meters | Ceramic Floor |
| Lower | Bedroom | 3.01 x 3.1 Meters | Broadloom |
| Lower | Bedroom | 3.01 x 2.86 Meters | Broadloom |
