558-562 Kingston Rd
East End-Danforth, Scarborough, M4E 1P9
FOR SALE
$5,788,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
8 + 8
BEDROOMS8
BATHROOMS8
KITCHENS24
ROOMSE9918380
MLSIDContact Us
Property Description
Mid-Rise Development Opportunity in the Heart of the Toronto Beaches. Existing Properties with a Total Area of 92.66 x 150 ft on Kingston Rd, Backing Onto Stunning Ravine Setting. Currently Fully Rented, Each Lot Is a Fourplex with a Combined Total of 8 Two-Bedroom Rental Units, with Total Gross Income of $184,272/yr. Incredible Location with TTC Street Car in front, Mins to Queen St & the Beach, Multiple Shops, Parks & Restaurants of Kingston Road Village, Downtown Core and Highways.
Call
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-06 | 2024-07-30 | 85 | $5,749,000 | - | Expired |
| 2024-01-16 | 2024-04-30 | 105 | $7,000,000 | - | Expired |
Extras
Fantastic Investment Opportunity. Existing Building Street Addresses are 558/560 Kingston Rd and 562/564 Kingston Rd; Currently Registered as 558 Kingston Rd & 562 Kingston Rd.
Nearby Intersections
Property Features
Public Transit, Ravine
Call
Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
93' x 151'
Fronting
North
Taxes
$15,944 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
Call
Scarborough Market Statistics
Scarborough Price Trend
558-562 Kingston Rd is a 8-bedroom 8-bathroom home listed for sale at $5,788,000, which is $3,713,000 (178.9%) higher than the average sold price of $2,075,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 8 bedroom home in Scarborough declined by $1,454,942 (41.2%) compared to the previous 30 day period (September 21 - October 20) and down $480,000 (18.8%) from the same time one year ago.Inventory Change
There were 8 8-bedroom homes listed in Scarborough over the last 30 days (October 21 - November 19), which is down 20.0% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Scarborough typically sold ($125,000) (6.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $111,693 decrease compared to the previous 30 day period (September 21 - October 20) and $157,500 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 8-bedroom homes in Scarborough over the last 30 days (October 21 - November 19) stood at 12.5%, down from 40.0% over the previous 30 days (September 21 - October 20) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 8-bathroom home in Scarborough stood at 11 days when successfully sold over the last 30 days (October 21 - November 19), compared to 120 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Confidence Realty
Similar Listings
Tremendous Long term Investment Strategy In vibrant Danforth and Woodbine Area. 10 Premium Residential Rental units with 1 commercial Tenant. No expense or detail spared. Would make a great addition to any Toronto Portfolio. All units are completely self contained. In-demand location. Steps to Danforth Shopping, Woodbine and Transit. 4- One Bedroom suites & 6-Two Bedroom suites.Extras: Separate gas and hydro meters.
Call
Call