$5,998,000Asking Price
558-562 Kingston Rd
Upper Beach, Toronto
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!
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!
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- Kingston Rd & Lee Ave
- Forced Air Gas Heating
- No A/C
Property
- Taxes were $15,943 in 2023
- Possession: tbd
Details
- Brick Exterior
- No Fireplace
- 8 Kitchens
- MLS #E8309972
- RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
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
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Living Room | Flat | ||
| 2 | Dining Room | Flat | ||
| 3 | Kitchen | Flat | ||
| 4 | Bedroom | Flat | ||
| 5 | 2nd Bedroom | Flat | ||
 | 8 3-Piece Bathrooms | |||
How Far is Too Far?
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Who lives here?
Upper Beach, Toronto is a central Toronto neighbourhood notable for its university grads, executives and business, education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of babies, kids aged 5 to 14 and adults aged 35 to 64.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
48%
of residents are
single and loving it.
48% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
46%
of residents
are renters.
46% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
51%
of residents are
university grads.
51% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$127K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Government | 12% |
| Business | 11% |
| Management | 10% |
| Culture | 6% |
Immigrants
29%
of residents were
born outside of Canada.
29% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.0% from Bangladesh
All-time
Birthplace - Recent
1.3% from Bangladesh
Recent
Foreign Languages
Foreign Languages
| Bengali | 3% |
| French | 2% |
| Tagalog | 2% |
| Cantonese | 2% |
| Urdu | 2% |
Religions
Religions
| Christian | 54% |
| Muslim | 7% |
| Jewish | 3% |
| Buddhist | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
12
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
