533 Kingston Road
Toronto E02, ON
- 7 bed
- 3 bath
- approx. 2000-2500 sqft
- Multiplex
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.
Listing Details
- Taxes (2025)
- $6,583
- Listed
- September 14, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Separate Hydro Meter
- Lot Size
- 26.5 x 89.06 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Kingston Road & Lee Ave
- Parcel Number
- 210180438
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 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).
Schools
Elementary
- Norway Junior Public School0.4 km
Public · Toronto DSB · 300 students
Grade 3 reading: 95% met the provincial standard · Grade 6 math: 60% met the provincial standard
- Glen Ames Senior Public School0.5 km
Public · Toronto DSB · 360 students
- Williamson Road Junior Public School0.5 km
Public · Toronto DSB · 545 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 73% met the provincial standard
Secondary
- Notre Dame Catholic High School0.8 km
Catholic · Toronto CDSB · 510 students
Grade 10 literacy: 97% met the provincial standard
- Malvern Collegiate Institute0.9 km
Public · Toronto DSB · 1140 students
Grade 10 literacy: 96% met the provincial standard
- Neil McNeil High School1.5 km
Catholic · Toronto CDSB · 770 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M4L
- Population
- 32,218
- Private dwellings
- 14,789
- Median age
- 40.8
- Average household size
- 2.3
- Median household income
- $101,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto E02 · last 12 months
- Median sold price
- $1,200,000
- Homes sold
- 527
- Median days on market
- 10
- Sale-to-list price
- 104.8%
Based on 527 recorded sales of residential freehold properties in Toronto E02 over the last 12 months.
Rooms
3 × 4-piece
Upper
- Bedroom11'11" x 10'11"
- Dining Room12'2" x 9'7"
- Family Room10'10" x 15'10"
Main
- Bedroom12'6" x 10'8"
- Bedroom10'8" x 15'10"
- Kitchen19'3" x 13'8"
- Living Room10'4" x 15'8"
Lower
- Bedroom9'11" x 9'5"
- Bedroom9'11" x 10'2"
- Dining Room8'10" x 13'1"
- Kitchen7'10" x 22'7"
- Living Room12' x 10'
Listed by
RE/MAX ULTIMATE REALTY INC.
Walk Score
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Location
Street View
Mortgage Calculator
$259,800
Estimated Monthly Payment
$6,382
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,382/mo (20% down, 5.5%)
Taxes: $549/mo · Insurance: $325/mo
Estimates only. Consult a financial advisor.
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