Gurvinder Nokwal REALTOR®
For Sale Multiplex 34 days on market

$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
Map

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

Room Level Dimensions
Living Room Lower 12′ 0″ × 10′ 0″
Family Room Upper 10′ 10″ × 15′ 10″
Living Room Main 10′ 4″ × 15′ 8″
Dining Room Upper 12′ 2″ × 9′ 7″
Bedroom Upper 11′ 11″ × 10′ 11″
Bedroom Main 12′ 6″ × 10′ 8″
Kitchen Main 19′ 3″ × 13′ 8″
Dining Room Lower 8′ 10″ × 13′ 1″
Bedroom Lower 9′ 11″ × 9′ 5″
Kitchen Lower 7′ 10″ × 22′ 7″
Bedroom Lower 9′ 11″ × 10′ 2″
Bedroom Main 10′ 8″ × 15′ 10″

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

Minimum for this price: $104,900 (8.08%)

Amortization, years

Estimated mortgage payment

$5,752 per month

Principal and interest
$5,752
Property tax
$549
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
Total, before legal fees
$304,710
Talk to me about financing

Estimates 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

533 Kingston Road, Toronto, ON M4L 1V5 The Beaches, Toronto, ON M4L 1V5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,299,000 533 Kingston Road, Toronto, ON M4L 1V5
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