MLS® listing
558-562 Kingston Road: fourplex for sale
$3,700,000
From the listing brokerage
**RARE INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE PRESTIGIOUS TORONTO BEACHES!** An exceptional opportunity to acquire two existing fourplex properties at 558 & 562 Kingston Road, featuring a combined total of 8 spacious two-bedroom rental apartments, generating approximately **$195,000 in annual gross rental income!** Both buildings are fully tenanted, offering an established rental income stream in one of Toronto's most desirable neighbourhoods.Situated on a generous combined lot of approximately **92.66 ft x 150 ft**, backing onto a beautiful ravine and located among existing mid-rise buildings. An excellent opportunity for investors seeking rental income today while considering the property's long-term investment value.**FUTURE REDEVELOPMENT CONSIDERATIONS:** Seller advises that a planning application for a proposed 57-suite mid-rise rental building has been submitted to the City. Any redevelopment would be subject to applicable zoning, municipal requirements and necessary approvals. No approval of the proposed development is represented.**PRIME LOCATION!** TTC at your doorstep, steps to Kingston Road Village, shops, cafés and restaurants, a short walk to Queen Street East and the Beach, with convenient access to downtown Toronto.**AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE TWO ESTABLISHED INCOME-PRODUCING PROPERTIES IN A HIGHLY SOUGHT-AFTER LOCATION!** Existing municipal addresses: 558/560 and 562/564 Kingston Road.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Style | Other |
| Basement | None |
| Lot width | 91 |
| Lot depth | 150 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 8 |
| Garage | None |
| Heating | Radiant |
| Cooling | None |
| Kitchens | 8 |
| Property tax | $18,045 |
| Tax year | 2025 |
| Parking | Private |
| Interior features | Other |
Listing courtesy of SOLTANIAN REAL ESTATE INC.. MLS® E14175660.
About this fourplex
558-562 Kingston Road is a 16 bedroom fourplex in TRREB's The Beaches community in Toronto, listed for sale at $3,700,000. The listing shows 8 bathrooms and 5000 + square feet. The lot is listed as 91 by 150 feet. It comes with 8 parking spaces according to the listing. The nearest main intersection given is Kingston Rd & Lee Ave.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 558-562 Kingston Road
At the asking price of $3,700,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $3,700,000 |
|---|---|
| Ontario land transfer tax | $78,975 |
| Toronto municipal land transfer tax | $92,275 |
| Both taxes | $171,250 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $740,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $18,045 a year, about $1,504 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as radiant.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 91 by 150 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 8 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About The Beaches
A house-led lakefront neighbourhood in the east end, served by the Queen and Kingston Road streetcars rather than the subway. Most sales are detached and semi-detached houses.
Transit: 501 Queen and 503 Kingston Rd streetcars; 64 Main, 92 Woodbine South and 22 Coxwell buses; Line 2 Bloor Danforth at Main Street and Woodbine stations to the north; Danforth GO (Lakeshore East and Stouffville lines) at 213 Main Street
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,600,000 | 70 sales, average $1,785,961 |
| Detached | About $2,368,000 | 32 sales, average about $2,397,000 |
| Semi-detached | About $1,350,000 | 23 sales, average about $1,396,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,544,000 | 4 sales, average about $1,410,000 |
| Condo apartment | About $900,000 | 7 sales, average about $1,088,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about The Beaches
Is The Beaches a good place to live?
On housing and amenities it is a house-led market beside the lake, with four City parks, a recreation centre and a library branch on Queen Street East. The trade-off is transit, since the nearest subway stations are Main Street and Woodbine on Line 2, reached by bus.
How much is a house in The Beaches?
From April to June 2026 the detached median was about $2,368,000 across 32 sales and the semi-detached median about $1,350,000 across 23 sales (TRREB). The all property types median was $1,600,000 across 70 sales.
Is there a subway in The Beaches?
No. The 64 Main and 92 Woodbine South buses run north to Main Street and Woodbine stations on Line 2 Bloor Danforth. The 501 Queen and 503 Kingston Rd streetcars also serve the area (TTC).
Are there condos in The Beaches?
A few. TRREB recorded 7 condo apartment sales from April to June 2026 at a median of about $900,000. In the 2021 Census only 7.6% of households lived in apartment buildings of five or more storeys.
Is The Beaches a heritage conservation district?
Part of it is. The City of Toronto designated the Kingswood Road South heritage conservation district in 2010, in the Balmy Beach area. Check whether a specific address falls inside it before planning exterior changes.
Is there a GO station near The Beaches?
Danforth GO station, at 213 Main Street beside Main Street subway station, is on the Lakeshore East and Stouffville lines (TTC).
Read the The Beaches neighbourhood guide · All The Beaches homes for sale
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Questions about 558-562 Kingston Road
How much is land transfer tax on 558-562 Kingston Road?
At the asking price of $3,700,000 the Ontario tax is $78,975 and the Toronto tax is $92,275, $171,250 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 558-562 Kingston Road?
$740,000 at the asking price of $3,700,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 558-562 Kingston Road?
The listing shows $18,045 a year for 2025, about $1,504 a month.
How do I book a showing for 558-562 Kingston Road?
Use the form on this page or call us. Quote MLS® E14175660. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 558-562 Kingston Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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