$1,299,000
Est. payment $5,752/moCalculate yours
533 Kingston Road, Toronto, ON M4L 1V5
The Beaches, Toronto, ON M4L 1V5
- 5 + 2 Beds
- 3 Baths
- 2,000 Sq Ft
Listing courtesy of RE/MAX ULTIMATE REALTY INC. MLS® E13778770
About this home
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.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,000 sqft
Interior
- Bedrooms
- 5 + 2
- Bathrooms
- 3
- Kitchens
- 3
- Total Rooms
- 16
- Basement
- Apartment
Building & Systems
- Heating
- Water (Gas)
- Cooling
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 26.5 x 89.06 Feet
- Parking
- None garage
Financial
- Property Taxes
- $6,583 (2025)
Location
- Neighbourhood
- The Beaches
- Cross Street
- Kingston Road & Lee Ave
- Direction Faces
- South
Listing
- MLS® Number
- E13778770
- Days on Market
- 34
- Listed On
- 2026-09-14
- Possession
- 30-60-90 tbd
- Listed By
- RE/MAX ULTIMATE REALTY INC.
Rooms
Features
Interior
- Separate Hydro Meter
Pool
- None
- Included
- 3 Fridges, 3 Stoves, 2 Dishwashers, 1 Washer/Dryer, Elfs, Broadloom Where Laid, Boiler, 2 Meters + 2 Separate Services Can Be 3. Shingles & Eaves-Troughs Replaced (2017).
Mortgage calculator
Estimated mortgage payment
$5,752 per month
- Principal and interest
- $5,752
- Property tax
- $549
- Condo fees
- $0
- Estimated monthly cost
- $6,300
Your mortgage
- Mortgage amount
- $1,039,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $686,307
Cash to close
- Down payment
- $259,800
- Land transfer tax (Ontario + Toronto)
- $44,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $304,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.